The Brisbane housing market has remained relatively flat over the first four months of the year.
Core Logic has released their newest housing market update for May 2018.
Dwelling values are down 0.1% so far this year, in essence a flat result.
The Brisbane unit market is been under a lot of focus due to high supply levels across key inner city suburbs, and overall, Brisbane unit values remain almost 12% lower than where they were ten years ago.
Despite the long term weakness, Brisbane unit values have edged higher over the first four months of the year, rising 0.1%.
While it`s probably too early to signal the local unit market has turned a corner, it`s important to note that unit construction activity peaked almost two years ago and new supply additions are now tapering as population growth picks up.
YOU MAY ALSO BE INTERESTED IN WATCHING:
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.