Brisbane dwelling prices rose another 1.7% last month, with CoreLogic’s latest National home value index showing they’re now 29.3% higher than a year ago – the highest growth in the nation.

• Brisbane’s median apartment price is now just under $488,000 and that’s up another 1.4% in April.
• Brisbane’s median house prices are still growing strongly, up 1.7% last month and 32% for the year to $880,000.
• Our city again led the nation for dwelling price growth over the past quarter with a 5.7% rise. Adelaide’s dwellings rose 5.4% while Sydney and Melbourne had small dips. The national Index showed the median home price rose just 1.9% for the quarter.
• Despite the price growth, rental yields for a Brisbane apartment remain one of the nation’s strongest at 4.6%, well ahead of the average 3.8%.

CoreLogic’s Director of Research, Tim Lawless: “Total advertised inventory is more than 20% below levels from a year ago in Brisbane and Adelaide, and around 40% lower than the previous five-year average in both cities. The flow of new listings has generally been higher than normal in these markets; the shortage of available housing inventory in these markets is more due to a rapid rate of absorption as homes sell quickly amidst high demand.”

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