With a glut of apartments on the market in Brisbane, investors in this market don’t have scarcity on their side. In fact, the large number of properties still coming out of the ground will flood the already saturated market dampening capital growth and rental growth for the next few years. Therefore, it’s even more important
Point Lookout on North Stradbroke Island has topped the Top 5 list for holding periods in Greater Brisbane. Analysis, based on CoreLogic’s data, by RiskWise Property Research shows the average hold period for houses in Point Lookout is a whopping 19.7 years, compared to the average for Greater Brisbane of 11.0 years. Buccan is next
Based on resales across Greater Brisbane over the second quarter of 2018, the total value of resales at a profit was $1.1 billion while the total value of resales at a loss was recorded at $27.1 million. Brisbane generated 5.8% of the total value of resale profits nationally over the quarter and 6.8% of the
The Brisbane housing market has remained relatively steady amidst the broader national downturn. Core Logic has released their newest housing market update for September 2018. You can also check out the local reports for Sydney and Melbourne. Dwelling values were virtually unchanged at 0.1% growth over the past theree months and they are up three tenths of a percent
Median dwelling prices in Brisbane have recorded little growth over recent years and as a result, on all four metrics, affordability has improved relative to five and 10 years ago. Although affordability is strong relative to Sydney and Melbourne over recent quarters there has been a moderate decline in housing affordability. Over the past five
Brisbane has become one of the best performing capital city housing markets, not because growth rates have accelerated, but simply because most other cities have slowed down at a faster rate. Core Logic has released their newest housing market update for August 2018. You can also check out the local reports for Melbourne and Sydney.
In recent years the Queensland property market has delivered modest capital growth for houses and very poor capital growth for units. Overall, the demand for apartments among owner-occupiers in QLD is low. Also, in addition to APRA’s lending restrictions, units in some suburbs in QLD are also subject to voluntary lending restrictions by the major lenders, such
Over the second quarter of 2018, national dwelling values have declined by-0.5%, matching the -0.5% fall in values over the March quarter. Throughout the 12months to June2018, national dwelling values have declined by-0.8%. Althougha -0.8% fall isn’t overly large, it is the greatest annual fall in values since September 2012 when values had fallen-1.1% over