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Brisbane steadying but homeowners still earning $9,000 per month

Like the rest of the country, the Brisbane property market is contending with myriad downward forces but still continues to defy gravity with significant price growth.

View of the Albert Street Uniting Church and some high rise buildings in the financial district in Brisbane
Apartments are now outpacing houses for property price growth in Brisbane.

While property prices fall in Sydney, Canberra and Melbourne, Brisbane continues to defy the gravitational pull of higher interest rates, inflation, affordability and supply.

The city is now seeing the unsustainable month-on-month price growth momentum start to slow but bargains remain elusive.

According to the latest Hedonic Home Value Index data, Brisbane experienced 0.8 per cent price growth across all dwellings in May, compared to 1.7 per c…