Brisbane’s slow and steady performance over the past decade means we’re set to continue a healthy rise while southern capitals start to crumble from dizzy heights, reports news.com.au.
“There has been strong migration into southeast Queensland, especially from New South Wales,” said CoreLogic head of research Tim Lawless.
“Housing is much more affordable than in Sydney and Melbourne and that’s increasing demand for housing.
“In many ways, Brisbane has underperformed in the last decade, but that’s actually made the market more sustainable.”
The comments reflect the latest data on dwelling values from CoreLogic. It shows that prices have dropped nationally while Brisbane has held its value over 2018.
This, combined with our affordability compared to other markets, make Brisbane arguably the most stable market in Australia. After a year full of political and economic surprises, we think that’s a very good performance.
Check out the annual change in dwelling values as measured by the CoreLogic Hedonic Home Value Index for November 2018.
Annual change in dwelling values:
- Sydney -8.1%
- Melbourne -5.8%
- Perth -4.2%
- Darwin -0.8%
- Brisbane 0.3%
- Adelaide 1.4%
- Canberra 4.0%
- Hobart 9.3%