Brighter Selling

Brissie growth beats Sydney and Melbourne

by Karleen Jentz, Copywriter 19 May 2017

No, you didn’t misread the headline. Brisbane’s monthly property price growth for April topped these super-hot southern cities.

Really? Yes really. Numbers don’t lie!

Check out the results from the latest CoreLogic Hedonic Home Value Index:

  • Hobart 1.0 per cent
  • Adelaide 0.8 per cent
  • Brisbane 0.6 per cent
  • Melbourne 0.5 per cent
  • Darwin 0.5 per cent
  • Sydney 0 per cent
  • Perth -1.0 per cent
  • Canberra -2.8 per cent

So what’s going on? Has the Sydney market finally run out of puff? Is Brisbane about to take off? We’re not sure CoreLogic can tell us. It’s month-on-month tracking has resulted in two curiously conflicting headlines in recent times.

Last month it boldly reported: “Capital city dwelling values increasing at fastest annual rate since May 2010”.

This month it’s done a backflip: “Capital gains ease and record slowest month-on-month growth conditions since December 2015”.

So is the market sprinting or stalling? We say neither. Tracking month-on-month performance will give you a fluctuating picture. Concentrate on the longer term trends.

April’s run of public holidays and long weekends is bound to have an effect on the monthly market performance.

But what we see over the long term is a steady, sustainable, affordable Brisbane market.

Want to buy in a solid market? View our current listings for sale.