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Brisbane Housing Market Update [Video] – June 2017

The trend in growth rates across the smaller capital cities was mixed with dwelling values across Brisbane continuing to inch higher.

graphic-brisb-new

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.

CoreLogic May Home Value Index

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:

Melbourne Housing Market Update [Video] – June 2017



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About

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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