Brisbane Housing Market Update [video] | July 2020

Brisbane’s housing market has been holding up better than the largest cities with home values recording less downwards pressure.

Despite the relative resilience dwelling values have slipped by two-tenths of a percent over the June quarter.

Unit values were down a larger 0.8% while detached House values held firmer down 0.1%.

Brisbane rents have also recorded a mild downturn falling by 0.6% over the June quarter.

However, local rental yields remain well above the combined capital city average tracking at a gross 4.2% for houses and 5.2% for units.

In a positive side of housing demand. Sales activity has shown a sharp rise over the past two months up by an estimated 74% since activity plunged in April.

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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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