Brisbane home values have lost their upwards momentum through 2020, but they’ve held reasonably firm through the past few months.
CoreLogic has released its newest housing market update for June 2020.
The monthly pace of growth has faded from a recent high of 0.8% late last year to slip into negative growth territory in May, down 0.1%.
The local unit market continues to show a weaker trajectory for home values.
The unit sector recorded a 0.6% drop in value last month while the house was steady.
Similarly, the past twelve months have seen house values rise by 4.3% while unit values are up a smaller 1.6%.
In a positive sign of buyer confidence and an easing or removal of some of the COVID related restrictions, sales activity jumped by 22% in May.
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