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Brisbane Housing Market Update [Video] – July 2017

Brisbane’s growth is entirely attributable to a 0.8% rise in house values which offset a 2.4% fall in unit values over the quarter.

The Brisbane housing market continued to record a sustainable but subdued pace of capital gains with a 0.5% rise in dwelling values over the June quarter.  

graphic-brisb-new

The half a percent rise is roughly in line with inflation and wages growth.

The rise over the quarter takes Brisbane’s annual growth rate to 2% which is entirely attributable to a rise in house values compensating for 3.2 percent fall in unit values over the year.

The subtle pace of capital gains is held Brisbane’s gross rental yield substantially higher than the combined capital of average, with a typical yield on a house now averaging 4.1 percent while unit yields are substantially higher averaging 5.2 percent.
Dwelling values 3 months

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Melbourne Housing Market Update [Video] – July 2017



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About

Tim heads up the Core Logic RP Data research and analytics team, analysing real estate markets, demographics and economic trends across Australia. Visit www.corelogic.com.au


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