Brisbane Housing Update - October

It’s been good news for Brissy home owners over the last few months as the Brisbane housing market remains in the positive growth territory with dwelling values reaching a new record high in September.

Despite capital gain, the pace of growth has slowed over the past 12 months.

Since one year ago, dwelling value has grown by 2.9%. However, the rate of the growth has slowed to 0.8% in the 12 months ending in September 2018.

The house and unit values have recorded similar growth rate. However, unit growth rate remains 10.5% below the 2008 high.

Previously weak conditions across unit market were due to high supply levels across inner city areas of the capital city.