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By Tim Lawless
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Brisbane housing market update [video] | May 2024

Australian home values moved through a 15th straight month of growth in April with CoreLogic's national home value index rising by 0.1%, on par with the pace of gains recorded in February and March.

The pace of growth in Brisbane housing values remains at the high end of the spectrum across the capital cities.

Brisbane Housing Market Update | May 2024

However, the trend has been slowing since the rate hike in November last year. The monthly rise of 0.9% was the lowest in twelve months.

Brisbane house prices graph

Brisbane Dwelling Values April 2024

The gradual slowdown in value growth has been driven by Brisbane houses, while the growth trend in Brisbane units has remained firm at 1.6% in April.

Similar to other capitals, housing dollars are now rising at the fastest pace across the lower quartile of the market, where values are up 5% in the past three months compared with a 2% rise in upper quartile values.

Brisbane housing market update April 2024

Regional markets have shown slightly stronger quarterly growth over the past five months than their capital city counterparts following a ten-month period where the combined capitals index was outperforming.

Looking at value movements over the past 3 months, the strongest regional markets were aligned with the strongest capital cities.

Home sales look to have moved through a cyclical peak in November last year.

Nationally, rents were up 0.8% in April, a slight slowdown in the rate of growth relative to February and March when the national rental index rose by 0.8% and 1% respectively.

You may also want to read:

National Housing Market Update [Video] 

Perth Housing Market Update [Video]

Adelaide Housing Market Update [Video]

Sydney Housing Market Update [Video]

Melbourne Housing Market Update [Video]

About Tim Lawless Tim heads up the Core Logic RP Data research and analytics team, analysing real estate markets, demographics and economic trends across Australia. Visit www.corelogic.com.au
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