Brisbane Housing Market Update [Video] – July 2016

Brisbane recorded a fall in June with house values declining by 0.1 percent and unit values down a larger 0.5%.

Capital city dwelling values have increased by 8.3% over the financial year which is lower than what was recorded over the previous two financial years when capital city dwelling values were 9.8% higher over 2014/15 and 10.1% higher in 2013/14.

Monthly declines in Brisbane market (-0.1%) was less severe. 

The Brisbane housing market is struggling to maintain a consistent pace of growth.

Twenty dollars have risen by five point three percent over the past 12 months mostly fueled by growth in house values, which have moved by five points six percent over the year while unit value show a lower growth profile.

Despite the low rate of capital gains across the brisbane unit market gross

Rental yields are the second highest of any capital city of 5.2 percent which may be attractive for investment in this marketplace going forward.

The growth cycle has now been running consistently for four years taking capital city dwelling values 37.3 percent higher over the cycle to date.

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Melbourne Housing Market Update [Video] – July 2016