Brisbane’s housing values have been trending lower over the past five months, driving values 1.9% lower over the past twelve months.
CoreLogic has released their newest housing market update for May 2019.
The downtrend in housing values comes despite rising demand from higher population growth, relatively affordable housing prices and steady economic conditions.
Considering the strong market fundamentals, we aren’t expecting to see a material reduction in Brisbane dwelling values, although tight credit conditions are clearly having a dampening effect on buyer activity.
At 4.4% for houses and 5.4% for units, Brisbane rental yields are amongst the highest of the major capitals, reflecting a 1.5% rise in rental rates over the past year against a backdrop of lower values.
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