Brisbane Continues as Affordable Housing Market

Brisbane has remained to hold an absolutely flat housing market over the past 12 months with a 0.1% gain in house values offsetting the half percent decline in unit values.

With dwelling values rising at the average annual pace of just 1.7% over the past decade, Brisbane’s market has shown to be consistently soft.

With this value rising at a pace lower than inflation and softer than wages growth, the housing market is more affordable in relation to Sydney and Melbourne; where the median house values remain $360,000 and $200,000 higher than Brisbane’s.

In the past we've spoken about how Brisbane’s affordability and job growth are attractive to first-time home buyers. But it's Brisbane's relatively healthy level of affordability as well as surging populating growth and stronger rental yields which should help the capital city’s housing into positive territory over the year.