Brisbane's sales market

Useful Facts Without Opinions: Brisbane apartment prices outshine houses

Brisbane’s apartment price growth overtook our houses in May, with CoreLogic’s latest National home value index showing they’re now 15.7% higher than a year ago.

  • The median Brisbane apartment price is now just under $500,000, up another 1.2% in May
  • This compared with a 0.8% rise for Brisbane houses (new median $886,000)
  • While the rate of increase has clearly slowed since the 2021 peak, Brisbane’s combined median dwellings (both apartments and houses) rose another 0.8% for an annual growth of 27.8%.
  • Our city’s price rise put us in second place with only a very strong Adelaide (1.8%) ahead of us. Sydney and Melbourne dropped 1% and 0.7% respectively and the Index showed the nation’s median home price slipped 0.1% in May – the first national decline since late 2020.
  • 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: ÔÇťOutside of Sydney and Melbourne, stock levels remain below average, especially in the cities where housing values are rising the fastest: Adelaide (-39.5%), Brisbane (-38.2%) and Perth (-34.7%) all have advertised stock well below the five-year average.”

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