The trend in growth rates across the smaller capital cities was mixed with dwelling values across Brisbane continuing to inch higher.
In Brisbane dwelling values continued the sustainable bid moderate pace of growth tracking 1.2 percent higher over the three months ending May 2017 to be 2.3% higher over the year.
Like many cities, the growth in dwelling values is mostly attributable to the detached housing sector.
House values are 1.5 percent higher over the rolling quarter and 2.3 percent higher over the 12 months, while unit values have slipped 1.7 percent lower over the rolling quarter, to be down for a half percent year on year, which is the largest fall since 2012.
The last five years has seen Brisbane dwelling values increased by 21 percent with an annual growth rate of three point nine percent.
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.