Useful Facts Without Opinions: Brisbane home prices up 8.3% in a year
Brisbane home prices rose another 1.7% in April with CoreLogic’s National home value index showing a continuation of our strong market.
- Brisbane’s dwellings again struck a new median high price, now $558,295 and up 8.3% on the same time last year.
- The Index reports Brisbane’s median apartment prices rose another 1% during the month, while our houses were up 1.8%.
- Home price growth was biggest in Darwin at 2.7%, Sydney at 2.4% and Adelaide 2%. The Index showed the nation’s median home price rose 1.8%.
- Rental yields for a Brisbane apartment remain one of the nation’s strongest at 5.1%, well ahead of the average 3.9%.
Core Logic’s Director of Research, Tim Lawless: “Prospective vendors are likely becoming more motivated to test the market thanks to such strong selling conditions as well as housing prices pushing to new record highs in most areas”.
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