According to the latest CoreLogic Home Value Index, the 3% rise in Brisbane’s dwelling values is less than half the pace of the combined capitals at 7.1%. It was the lowest home value growth rate of all capitals, with the exception of Perth and Darwin, which declined by 7% and 6%, respectively.
However, CoreLogic head of research Tim Lawless told The Courier Mail that he expected a stronger growth rate from Brisbane.
“There is some drag down effect of the areas outside of the Brisbane Local Government Area, that does pull the average a bit lower,” said Lawless.
“But I am still surprised that we are not seeing a stronger rate of growth across Brisbane and even if these is this drag down effect from those outer lying markets, it is still on paper a pretty healthy-looking set of numbers.”
Lawless added that he expects Brisbane’s improving population growth, lower affordability barriers, and substantially higher yields compared to other capitals to have a positive impact on the market.
