Brisbane housing values were down half a percent in May, with falls confined to the detached housing sector.
CoreLogic has released their newest housing market update for June 2019.
Unit values actually rose 0.1% over the month, breaking a long-running trend of falling values.
The oversupply that has weighted down the Brisbane unit market has mostly been absorbed due to the combined factors of less construction activity together with rising population growth, however, Brisbane unit values remain 12.5% below their 2010 peak.
With migration rates lifting, supply under control and generally healthy levels of housing affordability, the Brisbane housing market fundamentals are looking healthier compared to most other capital cities.
You may also want to read:
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.