Useful Facts Without Opinions: Brisbane home prices
Australia’s home prices snuck backwards in April according to the RPData-Rismark April Hedonic Home Value Index. RPData says since the housing market reached a recent low point at the end of May 2012, capital city dwelling values have recovered by 4.2%. Director of research, Tim Lawless, says the April results represent more of a stumble along the path to recovery than a sign of a renewed trend in value falls.
• Brisbane’s dwelling prices dropped 0.7% in April, down 0.9% for the quarter, but up 2% on the same time last year.
• Brisbane units outperformed houses again, rising 0.8% for the quarter to be up 3.6% year on year (compared to houses with an April drop of 0.9% and growth of 1.9% for the year)
• Our median dwelling price of $425,000 is third lowest amongst the capitals, ahead of only Adelaide’s $375,000 and Hobart’s $311,500. Sydney is still the nation’s most expensive at $565,000.
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