Brisbane Property Market Update

Brisbane housing values have been trending lower over the past five months, driving values 1.9% lower over the past twelve months. The down trend in housing values comes despite rising demand from higher population growth, relatively affordable housing prices and steady economic conditions.

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Considering the strong market fundamentals, we aren’t expecting to see a material decline in Brisbane dwelling values, although tight credit conditions are having a dampening effect on the level of buyer activity.

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At 4.4% for houses and 5.4% for units, Brisbane rental yields are amongst the highest  of the major capital cities, reflecting a 1.5% rise in rental rates over the past year against a backdrop of lower values.

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