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%.
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