Theresa Worrell: Brisbane Housing Market Update [video]

Brisbane values have posted their second consecutive month of subtle gains.

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

Dwelling values tracked 0.2% higher in both July and August following a relatively shallow decline phase where home values fell by 2.9%.

Unit values have led the improving conditions, rising by 1.5% over the there months ending August, while house values remain relatively flat -0.2% lower over the same period of time.

The local unit markets seems to have emerged from the supply hangover which contributed to a 13.3% overall decline in unit values between the unit market peak in early 2010 and June 2019.