Brisbane Property Market Update – July 2016
Objective data is important to consider when buying an investment property in Brisbane. As Buyer’s Agents we are commonly asked: “How is the Brisbane property market performing?” The following statistics provide some insight into the capital growth of properties on an annual and monthly basis (Source: CoreLogic RP Data Daily Home Value Index).
The CoreLogic RP Data Home Value Index uses the latest property sales information to track changes in the residential property market. The graph below traces the past 12 months of index values for each of the major capital cities. The red line indicates changes in the property price index for Brisbane.
Over the last 12 months property prices (all dwellings) in Brisbane have increased by 5.72%. Houses (up 6.07%) have performed better than units (up 2.67%).
Over the last month (to June 30) property prices (all dwellings) in Brisbane have decreased by 0.11%. Again houses (up 0.08%) have performed better than units (up 0.41%).
Over the same period, property prices (all dwellings) in Sydney and Melbourne have experienced an upward trend (up 12.8% and up 6.4% respectively.)
If you are interested in purchasing a home or investment property in Brisbane then perhaps consider using the services of a Buyer’s Agent. Your Property Hound is a local Buyer’s Agent which focuses on the Brisbane market and can assist with all stages of the purchase process. Feel free to contact us, or check out our website for more information.
