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Brisbane CBD struggles as outer suburbs attract attention

Brisbane’s inner city rental and property market has taken a major hit but in the western corridor and outer suburbs buyers are competing for properties and rentals have avoided the discounting rife in the city.

Brisbane CBD struggles as outer suburbs attract attention
Sellers in inner city suburbs have discounted heavier than those in Brisbane's outer areas. Photo: Shutterstock

Brisbane’s inner city rental and property market has taken a major hit but in the western corridor and outer suburbs buyers are competing for properties and rentals have avoided the discounting rife in the city.

The Brisbane property market as a whole has escaped the COVID-19 crisis relatively unscathed. House values rose a fraction in May, to a median house price of $508,386, following a 0.4 per cent the previous month.

Brisbane Real Estate sa…