Brisbane home prices finally saw a small dip in May with COVID-19 putting a dint in confidence. The latest Core Logic Hedonic Home Value Index gives us the details:

• The past month saw home prices down 0.4% across the nation
• Brisbane’s dwellings dipped 0.1% in May, but are still up by 4.3% on the same time in 2019
• The Index reports Brisbane apartments dropped 0.6% during the month of May (up a total 1.6% in the past year), while our houses were flat for an annual climb of 4.8%.
• Brisbane was one of the better performing capitals in May, with home prices down 0.9% in Melbourne, 0.6% in Perth and 0.4% in Sydney.
• The report says the nation’s home sales turnover rose in May. “The CoreLogic estimate of sales activity bounced back by 18.5% in May after a (revised) drop of 33%in 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 3.5% rental yield.

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