Brisbane’s housing market has moved through a 20th straight month of growth, with dwelling values up 0.9% in September to be 14.5% higher over the past twelve months.

Although values are consistently trending higher, the pace of growth is clearly losing steam, with a quarterly gain of 2.7%, the smallest since the three months ending April of last year. Listings are also trending higher through spring, tracking 4% above levels at the same time last year but still holding 26% below the previous five year average.

Brisbane house prices graph

Source: CoreLogic

Despite the rise in listings, sellers remain in a strong position, with homes selling in a median of just 20 days through the September quarter.

You may also want to read: National Housing Market Update

About Tim Lawless
Tim heads up the Core Logic RP Data research and analytics team, analysing real estate markets, demographics and economic trends across Australia. Visit www.corelogic.com.au