Brisbane’s housing market has remained absolutely flat over the past twelve months, with a 0.1% gain in house values helping to offset the half percent decline in unit values over the year.
CoreLogic has released their newest housing market update for February 2019.
The Brisbane market has shown a consistently soft performance over the past decade, with dwelling values rising at the average annual pace of just 1.7%.
With values rising at pace that is lower than inflation and softer than wages growth, the housing market is much more affordable relative to Sydney and Melbourne where median house values remain $360,000 and $200,000 higher than Brisbane values.
This relatively healthy level of affordability as well as surging population growth and stronger rental yields should help to keep the Brisbane housing in positive territory over the year.
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.