Brisbane housing values are up 1.9% in June taking the financial year growth rate to 13.2%, which is slightly higher than the capital city average of 12.4% growth over the year.
Like most capitals, Brisbane’s unit market has returned a softer result than houses.
Unit values are up 5.7% over the financial year, while house values are up more than double that, increasing 14.8%.
Sales activity has been trending well above average, demonstrating strong buyer demand.
Our latest estimate of sales activity showed sales were 48% above the five-year average in June and 44% higher year on year.
In fact, annual home sales haven’t been this high across Brisbane since the onset of the GFC in 2008.
Such strong demand has empowered vendors, with private treaty homes taking only 25 days to sell on average with discounted rates at a record low of 2.7%.
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/
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