Brisbane’s housing market is performing well compared with Melbourne and Sydney, thanks in part to steady jobs growth and interstate migration in the state.
However, Brisbane’s unit market is underperforming, with unit values down by 3.2% over the last twelve months, compared with house values which are up by 4.3%.
The Brisbane housing market continued the trend of modest appreciation, with dwelling values up half a percent over the September quarter.
the value appreciation remains largely confined to the detached housing sector, although unit values also saw a subtle level of growth at 0.1% over the September quarter.
Brisbane house values with a median of $528,000 are now less than half the price of Sydney’s, highlighting the affordability advantages of Australia’s third largest city.
With population growth now ramping up and jobs growth improving the outlook for the Brisbane housing market may have some upside.
YOU MAY ALSO BE INTERESTED IN READING:
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.