Brisbane's sales market

Brisbane home prices rose in September

How do you know when the market has bottomed? Only once prices go back up. So today’s announcement from RP Data that Brisbane dwelling prices went up 0.4% in September could be a positive sign for our local market. According to the new stats Brisbane has a median price of $415,000 and RP Data’s Tim Lawless says “Housing market conditions are starting to show some green shoots now.” He says that across the nation’s capitals the September data is the best we’ve seen since February.

Brisbane real estate agents ready to call a start to the next boom might do well to take a close look at the numbers. The September gain in our median dwelling price followed a 0.4% drop in August so year on year we’re still down 6.1%.

No matter how you spin it though you’d have to say this is a good time to buy.