Useful Facts Without Opinions: Brisbane home prices rise another 0.9%
Home prices are now at record highs across all major regions of Australia, with Brisbane home prices up to a record median high of $528,000. That’s according to the latest Core Logic Hedonic Home Value Index.
- Brisbane’s dwellings rose a further 0.9% in January, up 4% on the same time last year.
- The Index reports Brisbane’s median apartment prices rose 0.4% during the month, while our houses were up 1%.
- Home price growth was strongest in Darwin in January (up 2.3%) with the Index showing the rise across the nation matched Brisbane’s at 0.9%.
- Rental yields for a Brisbane apartment are reported at 5.2%, well ahead of the national average of 4%.
Core Logic says, “At the moment, despite our expectation of a lift in new listing numbers, buyer demand is still outpacing new stock additions. If this trend persists, the rapid rate of absorption is likely to keep overall stock levels low resulting in further upwards pressure on housing prices.”
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