Brisbane units holding on but houses at a turning point
Brisbane house prices fell at a rate 20 times more than units in September, as the amount of quality apartment stock diminishes and higher interest rate payments and tighter credit limits chip away at the housing market.
Brisbane apartments, such as these in Kangaroo Point, are currently proving more attractive to buyers than houses. (Image source: Shutterstock.com)
The question of whether the worst is now behind the Brisbane property market is a matter of perspective.
The answer depends on whether you are a buyer, seller, landlord or tenant.
Interest rates have risen 250 basis points (2.5 per cent) in six months, which is the fastest tightening cycle since 1994.
This has had an undeniable an impact on buyer demand.
According to PropTrack, there are now 29.4 per cent fewer potential buyers per realestate…
