Brighter Selling

Brisbane prices up 7 per cent in a year

by Karleen Jentz, Copywriter 22 June 2016

Brisbane’s steady-as-she-goes march up the property cycle is showing healthy returns for home owners with dwelling values up 7 per cent over the past year.

This helps narrow the growth gap between Brisbane and our southern counterparts, though Sydney and Melbourne still recorded growth of 13.1 per cent and 13.9 per cent respectively over the same period.

The growth trend across the combined capital cities has rallied since a pre-Christmas slowdown, according to the May CoreLogic Home Value Index.

But each capital city tells a very different story with Perth and Darwin sliding backwards on the growth scale, while Hobart continued a commendable surge.

States reliant on the mining sector saw softer economic conditions, further impacted by a sharp wind down in migration, particularly overseas.

Whilst Sydney & Melbourne remain sheltered from the downturn in the resources sector, instead benefiting from healthy services sector. Both also share positive population inflows.

Check out how the capital cities performed over the past year:

Change in dwelling values year-on-year to May 31, 2016

  • Sydney: 13.1 per cent
  • Melbourne: 13.9 per cent
  • Brisbane: 7.1 per cent
  • Adelaide: 3.9 per cent
  • Perth: -4.2 per cent
  • Hobart: 6.1 per cent
  • Darwin: -3.5 per cent
  • Canberra: 5.7 per cent

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