Theresa Worrell: Brisbane Housing Market Update [video]

Brisbane housing values were down half a percent in May, with falls confined to the detached housing sector.

CoreLogic has released their newest housing market update for June 2019.

Unit values actually rose 0.1% over the month, breaking a long-running trend of falling values.

The oversupply that has weighted down the Brisbane unit market has mostly been absorbed due to the combined factors of less construction activity together with rising population growth, however, Brisbane unit values remain 12.5% below their 2010 peak.

With migration rates lifting, supply under control and generally healthy levels of housing affordability, the Brisbane housing market fundamentals are looking healthier compared to most other capital cities.