Brisbane property market cools sharply as buyers regain the upper hand
Brisbane dwelling values fell 2 per cent in October as listings accumulated, but tight rental conditions, resilient unit values and the city's long-term growth prospects suggest there is more to the market than the headline falls.
Brisbane property prices are falling even though the structural shortage of housing has not been solved. (Image source: Gekko Gallery/Shutterstock.com)
October delivered another month of softer numbers for Brisbane property, and there is no point pretending otherwise.
Cotality recorded a 2.0 per cent fall in Brisbane dwelling values over the month, taking the rolling three-month decline to 6.1 per cent. Brisbane was the weakest-performing capital over October and, at face value, those numbers look confronting.
But I think this is one of those periods where the headline number needs to be read …
