Brisbane values have continues to hold reasonably firm, with dwelling values edging 0.1% higher over the month to be 0.3% higher over the year – essentially a flat market.
Core Logic has released their newest housing market update for December 2018.
The annual change in dwelling values has ranged from a 3.5% rise across the Western suburbs to a 1.4% decline at Ipswich.
The surrounding coastal markets of the Gold Coast and Sunshine Coast also seen values tick higher, with the Gold Coast up 0.1% over the year and Sunshine Coast values 2.3% higher.
Rising interstate migration rates should help to support housing demand across the south east corner of Queensland, along with relatively healthy levels of housing affordability.
Subscribe & don’t miss a single episode of Michael Yardney’s podcast
Hear Michael & a select panel of guest experts discuss property investment, success & money related topics. Subscribe now, whether you're on an Apple or Android handset.
Need help listening to Michael Yardney’s podcast from your phone or tablet?
We have created easy to follow instructions for you whether you're on iPhone / iPad or an Android device.
Prefer to subscribe via email?
Join Michael Yardney's inner circle of daily subscribers and get into the head of Australia's best property investment advisor and a wide team of leading property researchers and commentators.