Brisbane housing markets continued their upswing with housing values rising a further 1.7% in April to be 8.3% higher over the past twelve months.
In line with the national trend, house values have been rising at a much faster pace than units, up 9.6% over the past year compared with a 2.4% lift in unit values.
Selling conditions are well skewed towards vendors, with homes taking just 26 days on average to sell while discounting rates hold at record lows of just 3.0%.
The tight selling conditions can be attributed to the number of home sales tracking 25% above the five-year average at a time when total listing numbers remain 27% below average.
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/
No comments:
Post a Comment