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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.

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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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