Useful Facts Without Opinions: Brisbane vs Sydney home prices
Sydney-siders have consistently been one of the strongest markets for inner-Brisbane property. When property prices are up in the Cockroach Capital we often see higher investor demand here, and historically a big difference between our cities’ house prices has stirred interstate migration. Here’s some recent stats from RPData:
• Sydney’s home prices are up 59.1% since the end of 2008; Brisbane’s prices have risen just 7.7% over the same period.
• Melbourne’s home prices were also up 51.8% in that period – supporting the view that Australia has two property markets: Sydney/Melbourne and the rest.
• Sydney’s house prices are now 63% dearer than Brisbane, the biggest we’ve seen this gap in more than a decade.
• The difference between our median house prices was just 9% in 2009.