Despite lower mortgage rates and improved sentiment nationally, the Brisbane housing market is yet to show any signs of moving back into positive growth.
CoreLogic has released their newest housing market update for July 2019.
Both house and unit values were down over the month, with house values falling 0.5% and unit values down 1%.
The softer conditions have been heaviest across the most expensive quarter of Brisbane’s housing market where values are down 3.2% over the past twelve months, while at the most affordable end of the market, values are down a smaller 1.9%.
Dwelling values have increased by only 1.4% per annum over the past five years, a slower pace than growth in household incomes and inflation.
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