Re-Accelerating Property Values for Brisbane
Monthly growth rates across Brisbane dwellings seem to be re-accelerating. Property values increased 2.5 per cent in the month of October, the highest monthly increase across the city through the current upswing, and the highest monthly increase since November 2003.
The Brisbane housing market has seen some extraordinary tailwinds through Covid, including strong interstate migration, normalised remote work and low exposure to the virus itself.
Years of relatively subdued growth rates have made typical dwelling values across the city appear affordable ($642,097 in October), at least relative to Melbourne ($780,303) and Sydney ($1,071,709).