The rate of growth across the Brisbane housing market has held firmer relative to the larger capital cities.
Where there is some evidence that growth in housing values has slowed the reduction is nowhere near as sharp as Sydney or Melbourne.
Similar to most regions around the country, house values are rising at a faster pace than unit values with an annual growth rate of 17.7% for houses and 7.0% for units.
The outlook for Brisbane is looking more positive though, with a strong demographic trend fuelled by interstate migration, a large infrastructure budget, and a burgeoning level of excitement following the announcement that Brisbane would host the 2032 Olympic games.
It’s likely the strong market fundamentals along with a lower price point and higher yield than larger capitals will be attractive to investors going forward.
You may also want to read:
National Housing Market Update [Video]
Perth Housing Market Update [Video]
Adelaide Housing Market Update [Video]
from Property UpdateProperty Update https://propertyupdate.com.au/brisbane-housing-market-update-video/
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