Brisbane home prices have now dipped half of one percent since COVID-19 hit town, with June’s 0.4% slide reflecting some caution in our sales market. Here’s all the details for June from the latest Core Logic Hedonic Home Value Index:

• The past month saw home prices down 0.7% across the nation.
• Brisbane’s dwellings slid 0.4% in June, but are still up by 4.4% for the financial year.
• The Index reports Brisbane’s median apartment prices dropped 0.8% during the month of June (up a total 1.8% in the past year), while our houses lost 0.4% for an annual climb of 4.9%.
• Brisbane outperformed the big capitals in June, with home prices down 1.1% in Melbourne and Perth and 0.8% in Sydney. Canberra, Hobart and Darwin recorded small price rises.
• Nationally the upper end of the market has been most impacted by COVID-19. “The past three months has seen this trend playing out, with upper quartile values down 1.7% across the combined capital city index over the past three months, while lower quartile values have fallen by only 0.3%.”
• Rental yields for a Brisbane apartment are reported at 5.2%, well ahead of the national average of 4%. Sydney investors have the lowest of the capital cities with a 3.4% rental yield.

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