Theresa Worrell: Brisbane Housing Market Update [video]

Brisbane housing values trended higher for the third consecutive month, taking values half a percent higher since finding a floor in June.

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

The previously weak unit sector is showing a slightly stronger growth trend relative to houses, with Brisbane unit values up 1% over the September quarter compared with a 0.4% rise in house values.

Despite the improved conditions across the unit market, values across this sector remain 12.5% below their 2010 peak, highlighting a history of falling values as supply concerns weighed on market conditions.

With unit supply mostly absorbed and buyer demand picking up along with an attractive yield profile, the local unit sector is starting to attract some interest.