Brisbane home values continued to edge higher in April, up 0.3% over the month.
CoreLogic has released their newest housing market update for May 2020.
Although values were higher, the rate of growth has halved relative to the six-month average rate of growth prior to COVID-19.
With less reliance to overseas migration as a source of housing demand and the largest number of interstate migrants, the Queensland market may be less exposed to downwards pressure in housing values.
Rental markets have started to see some weakness though, with rents down 0.4% in April, reflecting a rise in rental supply as well as a reduction in demand.
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-march-2020/
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