Brisbane housing values have continued to increase, rising by 1.8% in September.
Although the monthly rate of growth has eased since posting a 2.4% rise in March, there is less evidence of the market losing momentum.
The quarterly growth rate is now the highest amongst the major capitals, with values up 5.9% over the September quarter.
Brisbane home sales are tracking 42% higher than the five-year average for this time of the year, but active listings are -33% below the five-year average.
Clearly, buyer demand is continuing to outweigh advertised supply which is keeping housing market conditions skewed in favour of sellers over buyers.
Across Brisbane’s sub-regions, the annual rate of growth ranges from a 14.9% lift in dwelling values across Ipswich to a 21.1% rise in Moreton Bay South.
Looking at the change in values between houses and units, house values are continuing to increase at more than twice the pace of the unit sector, demonstrating stronger demand for low-density housing options.
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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