TEN THINGS BRISBANE

  1. Strong lift in house sales. Attached dwelling sales now falling.
  1. 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

  1. House values rose just 2.6% over last year. Attached values fell by 0.3%.
  1. The number of houses listed for sale is steady; whilst rising for attached stock.
  1. Resale dwelling supply has fallen for houses but is rising now for attached dwellings. They both average about a six month supply at present.
  1. The rental vacancy rate is rising. It is now over 3%.
  1. The median weekly house rent is $420 and $370 for attached dwellings.
  1. Rental growth is very low – often showing little to no change on an annual basis.
  1. Gross rental yields are now 4.1% for houses and 4.8% for attached dwellings.
  1. 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.

Go here to get your copy of our Capital Cities Outlook Report.

The report features price, rent, population and employment forecasts for the Brisbane region.  We cover the other seven capital cities, too.

“I have followed your reports for 20 years and each time you deliver timely and quality information.” Mark

Keen to hear your thoughts.

Until next time,

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Michael Matusik

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