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Brisbane Housing Market Update [Video] – May 2017

Monitoring of the data flows over the coming months will provide firm evidence as whether this latest housing market reading develops into a softening trend.

Brisbane’s housing trend remains similar to previous months with mild growth recorded across Brisbane houses while the unit values slipped lower.

House values have been rising by only 2.6% over the past 12 months across Brisbane, while unit values have actually fallen by 3.1%.

Rental market conditions have remained subdued with a median rental rate holding virtually steady for houses over the past year and falling by 2.3% over the year for units.

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Houses are certainly the property to invest in with the median rental rate in Brisbane remaining steady for the last 12 months. Brisbane

Rental market conditions have remained subdued with a median rental rate holding virtually steady for houses over the past year and falling by 2.3% over the year for units.

Despite the relatively weak rental sector, rental yields across Brisbane are substantially higher than what can be found in Sydney and Melbourne.

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Melbourne Housing Market Update [Video] – May 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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