I saw the following article in The Sunday Mail (Qld) today: As all my properties are in Brisbane I hope that the author is right in his optimism.
REBOUND: The median house price in the capital cities fell in September but was still the strongest monthly performance since February.
ARE we seeing the green shoots of a Brisbane property revival? For the first time since April 2008 on a quarterly basis, Brisbane's housing market outperformed the capital city benchmark.
September was the best month since June last year, according to the RP Data-Rismark Home Value Index released last week.
Sometimes less is more.
The median home price in the combined capital cities benchmark fell by 0.2 per cent in September, but it was still the strongest monthly performance since February.
The median price fell by 1.3 per cent during the quarter and was down 3.4 per cent on an annual basis.
Adelaide joined Brisbane in having a slight increase.
Brisbane's most affordable suburbs were the poorest performers in the past year whereas the premium sector showed more resilience. This is in direct contrast to most other capital cities.
The unit market continues to do better than the more expensive detached housing market. The median unit price rose 3.2 per cent in September and by the same amount in the quarter.
Brisbane cheapest as home prices fall
BRISBANE'S median house price has dipped to become the lowest in mainland Australia for the second time this year.
Brisbane houses cheapest of capitals
THE devastating floods on top of years of economic decline have made Brisbane houses cheapest of the mainland capitals.
City rentals set to grow
RENTAL growth in most capital cities is likely to increase as first-home buyers remain inactive, consumers remain cautious of debt, building approvals continue to ease and the affordability of homes is stretched because of above-average mortgage rates. End of sidebar. Return to start of sidebar.
On an annual basis, unit prices have fallen 0.9 per cent. House prices were flat in September, down 1.8 per cent in the quarter and 7.1 per cent lower in the past 12 months.
The apparent improvement in the housing market is tempered by other factors.
Dwelling sales in August were estimated to be 35 per cent below the five-year average and this has not changed much.
The number of properties advertised for sale in Brisbane is 15.2 per cent higher than the same time last year.
Now the Reserve Bank has cut interest rates by 25 basis points, we may see some positive sentiment return to the housing market.
REBOUND: The median house price in the capital cities fell in September but was still the strongest monthly performance since February.
ARE we seeing the green shoots of a Brisbane property revival? For the first time since April 2008 on a quarterly basis, Brisbane's housing market outperformed the capital city benchmark.
September was the best month since June last year, according to the RP Data-Rismark Home Value Index released last week.
Sometimes less is more.
The median home price in the combined capital cities benchmark fell by 0.2 per cent in September, but it was still the strongest monthly performance since February.
The median price fell by 1.3 per cent during the quarter and was down 3.4 per cent on an annual basis.
Adelaide joined Brisbane in having a slight increase.
Brisbane's most affordable suburbs were the poorest performers in the past year whereas the premium sector showed more resilience. This is in direct contrast to most other capital cities.
The unit market continues to do better than the more expensive detached housing market. The median unit price rose 3.2 per cent in September and by the same amount in the quarter.
Brisbane cheapest as home prices fall
BRISBANE'S median house price has dipped to become the lowest in mainland Australia for the second time this year.
Brisbane houses cheapest of capitals
THE devastating floods on top of years of economic decline have made Brisbane houses cheapest of the mainland capitals.
City rentals set to grow
RENTAL growth in most capital cities is likely to increase as first-home buyers remain inactive, consumers remain cautious of debt, building approvals continue to ease and the affordability of homes is stretched because of above-average mortgage rates. End of sidebar. Return to start of sidebar.
On an annual basis, unit prices have fallen 0.9 per cent. House prices were flat in September, down 1.8 per cent in the quarter and 7.1 per cent lower in the past 12 months.
The apparent improvement in the housing market is tempered by other factors.
Dwelling sales in August were estimated to be 35 per cent below the five-year average and this has not changed much.
The number of properties advertised for sale in Brisbane is 15.2 per cent higher than the same time last year.
Now the Reserve Bank has cut interest rates by 25 basis points, we may see some positive sentiment return to the housing market.
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