The latest housing market results highlight the diversity of housing market conditions, with dwelling values down over the month in Brisbane (-0.6%).
Brisbane’s housing market has continued along a surprisingly weak trajectory, with dwelling values slipping by 0.6 percent over the month and rising by only 2.2 percent over the past year.
With annual growth only slightly higher than inflation and wages growth, Brisbane’s housing market remains affordable relative to the larger capital cities, and rental yields are substantially higher than what’s being achieved in Sydney and Melbourne.
With interstate migration now ramping up and the labour market improving, we may start to see the Brisbane housing market experience an improved rate of capital gain over the second half of 2017.
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