Brisbane’s housing market has continued along a surprisingly weak trajectory.
Overall growth and residential property values remain healthy, but at a combined capital city level it’s not quite as strong as what it was a year ago.
In Brisbane the pace of capital gains remained reasonably sedate in August with $20 rising by 0.2% over the month to be 3% higher over the year.
With jobs growth now picking up across southeast Queensland and migration rates gathering pace particularly from interstate the outlook for Brisbane housing market remains very positive.
Key areas within the inner-city apartment market are worthy of some caution considering the large amount of new apartment supply coming online.
The under-performance for the unit sector is very evident from the core logic indices with house values up four point three percent over the past twelve months while unit values are actually down by 3.2%.
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.