Useful Facts Without Opinions: Brisbane home prices
Brisbane’s home prices flat-lined during December, according to the latest Core Logic Hedonic Home Value Index. Here’s all their latest numbers to the end of 2017:
- The past 12 months saw home prices up 4.3% on the 8 Capital Cities aggregate across Australia
- Brisbane’s prices didn’t change in December but are now 2.4% higher than at the same time last year (Sydney’s home prices have finished their extraordinary run, rising just 3.1%, while Melbourne home prices still grew 8.9% over the past year)
- The Index reports Brisbane apartments dropped 0.6% during the last quarter of 2017, while our houses crept up 0.5%
- Rental yields for a Brisbane apartment are reported at 5.3%, well ahead of the capital city average of 3.9%. Sydney investors get just a 3.7% rental yield.
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