Useful Facts Without Opinions: Brisbane home prices
Our real estate sales market showed some ‘immunity’ to Coronavirus in April, with Brisbane home prices up for the month according to the latest Core Logic Hedonic Home Value Index. Here’s all their latest numbers:
- The past month saw home prices up just 0.3% across the nation, as market sentiment shifted and consumer confidence fell
- Brisbane’s dwellings rose 0.3% in April; now up 3.8% over the past year
- The Index reports Brisbane apartments rose 0.5% during the month of April (up a total 2.3% in the past year), while our houses rose 0.3% for an annual climb of 4.2%.
- April’s mixed national market saw home prices rise across most capital cities with Melbourne and Hobart marking small drops.
- CoreLogic says Australia’s most expensive housing markets are slowing the fastest. Their index shows “gains across the top quartile reduced from 6.6% late last year to 2.4% over the three months ending April.”
- Rental yields for a Brisbane apartment are reported at 5.2%, well ahead of the national average of 4.1%. Sydney investors have the lowest of the capital cities with a 3.4% rental yield.
Please share your opinions on Brisbane home prices!