Brisbane's rental market, Brisbane's sales market

Useful Facts Without Opinions: Inner Brisbane market stats

According to the stats keepers at domain.com.au here’s the latest on the inner Brisbane sales and rental markets for the past 3 months:

  • the median sale price for a house was $1.2m and for apartments it was $516,000
  • houses took 79 days to sell and apartments 132 days, with their prices discounted an average 7.3% and 6.5% respectively (drop from first listing to final selling prices)
  • the median asking rent for an inner Brisbane house was $530 per week, and an apartment $440
  • 75% of buyers came from outside the area and 59% of tenants

What’s your take on the current market for inner Brisbane? Please share your opinions!

NB: Domain use ABS SA3 for “Brisbane inner” – this is the tight area of postcodes 4000, 4101 and the Valley/New Farm only.