Monday, March 3, 2014

Brisbane real estate values lag other capitals

I recently posted comments on the recovery in Cairns real estate which didn't yet appear to be as broadly based or strong as some reports indicated: Median property price malarkey

RP Data have released an update with commentary on their home price index for the capital cities: RP Data-Rismark February Hedonic Home Value Index Results

It provides some interesting perspective on real estate performance given some of the current hype. Despite recent fears of a bubble in Sydney growth over the last ten years has been a modest 2.9% p.a. Albeit Sydney prices still remain elevated well above the other capitals

The subdued performance of Brisbane is also noted including including comment on the most recent month:

In particular, it will be interesting to see whether Brisbane’s 2.0% decline this month is simply natural volatility or if it’s indicative of the city’s struggle to trend toward its 2009 peak,"

Sorry that copy is not the best will try again but available in the pdf link

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