Brisbane‘s housing market continues to experience strong year-on-year price growth; however, limited property availability coupled with fierce competition are frustrating buyers and slowing their purchase activity.

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CoreLogic reports that property prices continue to increase in Brisbane at a slower rate than national and capital city averages on an annual and quarterly basis, respectively. Median house values increased by one percent month-on-month while quarterly growth had an acceleration from last month at three percent year-over-year.

Brisbane unit prices continue to outshone houses, with this segment of the market showing an increase of 3.6 per cent year-on-year median values in February. However, affordability constraints may limit buyer interest and prevent prices from further rising.

Market Reports

Brisbane’s property market appears to be shifting according to recent data. Although house values continue to increase, quarterly growth has significantly slowed; while unit sales outshone housing sectors and are showing substantial strength.

Demand for properties continues to outstrip supply; however, affordability factors limit buyer activity and drive prices higher. Furthermore, interest rates remain elevated and may further drive the market upwards.

According to CoreLogic’s estimates, Brisbane house prices saw a modest 0.9 percent increase during February compared to 1.7 per cent growth last month and 3.3 per cent three months prior. Meanwhile median unit values also saw gains; rising by 3.6 percent – slightly slower than its 3.7 percent increase last month and three months ago.

Mortgage Calculators

No matter if you’re buying or refinancing, our mortgage calculators can give an estimated loan payment estimate, then compare lender fees and rates to find the ideal Brisbane Ca, 94005 mortgage lender for you situation. Furthermore, read lender reviews in order to make an informed decision.

Brisbane’s property market remains strong, with both house and unit prices increasing monthly; however, quarterly growth in dwelling values has recently begun to decelerate.

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Real Estate Agents

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According to PropTrack data, Brisbane saw its median house price increase during February at an astounding quarterly growth rate of 3.1%; outperforming both national and capital city averages.

Brisbane unit markets were also outperforming housing markets during February, with median values rising 1 per cent. This trend can be attributed to rising affordability constraints as a result of population shifts and affordability constraints in Brisbane’s affordable suburbs. Yet buyers still experience difficulty in securing properties for sale due to limited supply and construction opportunities – yet professional home inspection can provide invaluable help and make this process less stressful and more efficient than ever!