Useful Facts Without Opinions: Brisbane apartment prices up 8.3% in 2021
Brisbane’s median apartment price has reached a new high of $430,000, according to CoreLogic’s home value index to the end of September.
- Brisbane apartment prices rose another 0.6% in September to now be up 8.3% since the start of the year.
- They’re still amongst the most affordable in the nation and just over half the price of a Sydney apartment ($825,000)
- The Index reports Brisbane’s median house prices rose another 2% during the month, up 19.2% this calendar year.
- September’s home price growth was biggest in Hobart at 2.3% and Canberra 2%. The Index showed the nation’s median home price rose another 1.5%.
- Rental yields for a Brisbane apartment remain the strongest of the east coast capitals at 5%, well ahead of the national average 3.7%.
Core Logic’s Director of Research, Tim Lawless: “Although new listings are ramping up, the trend in total active listings remains extremely low, continuing to reflect the rapid rate of absorption seen amidst high buyer demand. Nationally, total advertised supply levels are -28.1% below the five-year average and every capital city is recording a below average amount of advertised supply.”
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