Useful Facts Without Opinions: Brisbane home prices
Market researchers RP Data released some interesting stats this month. A further insight into where Brisbane’s market has come from, where it is right now, and maybe some help working out where it might go:
• Brisbane dwelling prices rose 4.8% in the past year, the 3rd largest capital city gain after Sydney’s 15.6% and Melbourne’s 11.6%
• Despite the recent gains Brisbane home values remain 5.2% lower than our past peak in the market
• Median price for a Brisbane apartment is now $368,000 and our houses are $460,000 (there’s now a big gap to Sydney’s $552,500 and $713,000)
• The turnover of Brisbane house sales were 21.0% higher and unit sales 8.3% higher over the past three months than over the same period in 2013.
Please share your comments on the Brisbane real estate market.