Brisbane's sales market

Useful Facts Without Opinions: Brisbane price rise biggest in the nation

Brisbane home prices rose another 2.5% in October. CoreLogic’s National home value index reported large increases for both our city’s apartments and houses, while the national average was 1.5% as other capital cities cooled slightly.

  • Brisbane apartment prices rose 1.3% in October to now be up 10.4% on the same time last year. This saw us reach a new record high median price of $437,000.
  • The Index reports Brisbane’s median house prices rose another 2.8% during the month, up an astonishing 24.8% in a year.
  • Home price growth for the past year was biggest in Hobart with 28.1% while the nation’s median home price rose 21.6% over the year.
  • Rental yields for a Brisbane apartment remain one of the nation’s strongest at 5%, well ahead of the average 3.7%.

CoreLogic’s Tim Lawless: “As housing becomes less affordable, we expect to see more demand deflected towards the higher
density sectors of the market, especially in Sydney where the gap between the median house and unit value is now close to
$500,000. With investors becoming a larger component of new housing finance, we may see more demand flowing into medium
to high density properties. Investor demand across the unit sector could be bolstered as overseas borders open, which is likely
to have a positive impact on rental demand, especially across inner city unit precincts.”

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