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Brisbane unit and house prices head in opposite directions

Property prices may be edging downwards overall in Brisbane after an extended period of rapid growth but some property types are still increasing in value.

Modern waterfront apartments and yachts in marina in Brisbane during daytime
Buyers have been compromising on the type of property and looking for townhouse or unit options closer to the inner-city.

The Brisbane property market is diverging between houses, which are in decline, and units and townhouses that are continuing to grow.

A large portion of buyers appear fearful and are sitting on the sidelines observing rather than bidding on properties. Other buyers are gearing up to take advantage of any opportunities that the current conditions might present.

Brisbane dwelling values fell 0.8 per cent in July.

The retraction is not as great a…