Useful Facts Without Opinions: Brisbane home prices
There’s growing debate on how we should measure changes in real estate prices. The complete and official government stats take about 3 months to collect so a full record of what’s selling and for how much is not clear until then. Not exciting or newsworthy enough for journos and a public craving their fix of property price news. So here’s the latest from RP Data Rismark’s Hedonic Home Value Index (with a methodology way too complex to describe here, but published at the end of every month).
• Dwelling values across Australia’s combined capital cities recorded a 1.2 per cent improvement over the month of January, negating the -1.2 per cent drop in values recorded over the final quarter of 2012.
• Brisbane dwelling prices rose 2% during January
• That puts us up 2.3% compared to the same time last year
• Darwin (8.7% and Sydney (3.4%) were the top 12 month performers, while Melbourne wooden-spooned with a drop of 0.4%
• Brisbane houses rose 2.2% over the year, with units up 3.2%
How about you give us your opinion for a change! Share your comments below