Brisbane's sales market

Useful Facts Without Opinions: Brisbane home prices up 3% in June quarter

Brisbane home prices rose 3% in the June quarter according to the latest from CoreLogic’s Home Value Index.

  • The median Brisbane dwelling price is now $725,000, up another 1.3% in June
  • Our houses rose 1.3% in June while apartments were up 1%
  • Our combined dwelling price growth was second only to Sydney (1.7% for the month and 4.9% for the quarter) while the median national home price is now on par with our city at $723,000.
  • Despite our price growth, rental yields for a Brisbane apartment remain one of the nation’s strongest at a high 5.4%, well ahead of the average 4.6%.

CoreLogic’s Director of Research, Tim Lawless: “A lack of available supply continues to be the main factor keeping upwards pressure on housing values. Through June, the flow of new capital city listings was nearly -10% below the previous five-year average and total inventory levels are more than a quarter below average. Simultaneously, our June quarter estimate of capital city sales has increased to be 2.1% above the previous five-year average.”

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