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Brisbane Housing Market Update [Video] – March 2017

The monthly CoreLogic Hedonic Home Value Index reported a further rise in the value of capital city dwellings in February, with values rising 1.4% over the month.

The monthly CoreLogic Hedonic Home Value Index reported a further rise in the value of capital city dwellings in February, with values rising 1.4% over the month.

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Brisbane’s housing markets saw a dip in dwelling values over the month with corelogic index slipping 0.4% across both the House and unit markets. brisbane-city_2661799

The longer trend of result indicates the Brisbane housing market is seeing only modest capital gains, which confined to the detached housing sector. 

House values were 2.7% higher in the past 12 months while unit values fell by 2.1%.

With a median house price of $485,000 Brisbane isn’t facing the same sort of affordability challenges Sydney or Melbourne, however the lower cost of housing have been enough to spur growth rate higher.

YOU MAY ALSO BE INTERESTED IN READING:

Melbourne Housing Market Update [Video] – March 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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