Migration stemming Brisbane property price falls
Brisbane's property prices continue to fall but the relatively strong performance of the unit market, together with high migration levels, has eased the pace of decline.
House prices continue to dip in Brisbane, while units largely tread water in an easing market. (Image source: Shutterstock.com)
Interstate migrants pouring into Queensland are propping up property prices that might otherwise be tumbling rapidly in the face of rising interest rates and cost of living pressures.
Encouraged by Brisbane’s relative real estate affordability compared to Sydney and Melbourne, and strong jobs growth, people from New South Wales and Victoria continue to pour across the border to resettle.
Data from the Australian Bureau of Statistics relating to…
