Brisbane Housing Market Update [video] | October 2020

Brisbane home values edged back into a positive growth in September, following four straight months of decline.

Values were up half a percent over the month, with both house and unit values lifting.

Brisbane housing values are only half a percent lower than their pre-COVID high, although the historical underperformance in the unit sector means that values remain almost 12% lower than they were in 2010.

Rental conditions have seen some divergence between houses and units, with house rents rising 0.2% over the past six months while unit rents are down 1.6%.

The trend towards weaker unit rents can be seen across other capital cities and can be attributed to both higher supply levels and a demand shock from less migration.

Brisbane1Brisbane2

You may also want to read:

National Housing Market Update [Video] 

Perth Housing Market Update [Video]

Adelaide Housing Market Update [Video]

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Tim Lawless

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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