Housing market report – BRISBANE

Brisbane’s housing market revival continues on track, with the median price rising by a 
solid 1.3 percent over the July quarter, up by an encouraging 2.9 percent over the year. 
Despite a clearly improving housing market, Brisbane house prices remain 6.2 percent 
lower than the previous peaks recorded in April 2010.
Brisbane unit prices fell over the July quarter, down by 1.4 percent, and have now 
fallen by 1.7 percent over the year to July. This result may be indicative of an emerging 
oversupply of new inner-city apartments.
Brisbane’s housing market recovery is being facilitated by a noticeable improvement 
in the local economy. The latest ABS unemployment data for July reported a rate of 
just 4.8 percent for Brisbane, the best monthly result since November 2011 - a clear 
indication that the city’s economic performance may at last be improving.
Brisbane | September 2013 1300 799 109 | domain.com.au

    Posted by  Dianne Deem