Brisbane's sales market

Useful Facts Without Opinions: Brisbane home values up 2.9% in November

Brisbane is one of only two capital cities to not see a slowdown in prices for November (Adelaide is the other at a 2.5% increase) In dollar terms the change to Brisbane home values equates to a monthly rise of approximately $18,500, according to CoreLogic’s home value index to the end of November.

  • Brisbane’s stock levels for November are 33% lower than the five year average.
  • While the Index reports Brisbane’s median dwelling prices rose 2.9% during the month, it is up 23.8% this year to date.
  • November’s median house price growth was 3.2%, and apartments 1.1% for the month.
  • Gross Rental yields for Brisbane sit at 3.8%, just ahead of the national average 3.23%.

Core Logic’s Director of Research, Tim Lawless: “Relative to the larger cities, housing affordability is less pressing, there have been fewer disruptions from COVID lockdowns and a positive rate of interstate migration is fuelling housing demand.” Mr Lawless said.

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