Home Values Drop In Brisbane for Xmas
Core Logic December home value index found Brisbane property values fell by -0.2% during December 2018 to a median house price of $493,568. According to Cameron Kusher, who is a researcher with CoreLogic, the Brisbane market has been flat, much like it has been for many years.
Mr Kusher said “The flat conditions in Brisbane, at a time when prices were falling by record margins in Sydney and Melbourne reflected Brisbane’s better affordability and diverse economy. It is also attracting a lot of interstate migration, which is pushing up housing demand”.