TEN THINGS BRISBANE
- Strong lift in house sales. Attached dwelling sales now falling.
- House values are still rising, with attached values now falling. The median house sale value is $513,000 and the median attached dwelling sale value is $399,000
- House values rose just 2.6% over last year. Attached values fell by 0.3%.
- The number of houses listed for sale is steady; whilst rising for attached stock.
- Resale dwelling supply has fallen for houses but is rising now for attached dwellings. They both average about a six month supply at present.
- The rental vacancy rate is rising. It is now over 3%.
- The median weekly house rent is $420 and $370 for attached dwellings.
- Rental growth is very low – often showing little to no change on an annual basis.
- Gross rental yields are now 4.1% for houses and 4.8% for attached dwellings.
- Housing is quite affordable to buy, with a 4.5 dwelling price to household income ratio. Tenants are paying just 19% of their income in rent.
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