Results from the most recent House Price Report from Australian Property Monitors (APM) shows that house prices in Brisbane have risen.
Following a series of quarterly decreases in property prices setting Brisbane at a 0.5 per cent decline for the year, the average house price rose by 0.3 per cent in the final quarter of last year.
Apartments continued to fall as the report marked a 2.7 per cent decrease in the final quarter. This meant that the value of Brisbane apartments decreased by 3.2 per cent overall in 2012.
The city’s house and apartment prices are at 8.3 per cent and 6.4 per cent less than its last peak in June 2010.
It is now the second most affordable capital city for housing, as the last quarterly report shows that it was overtaken by Adelaide.
The report showed that Australian property prices overall saw a rise in the final quarter of 2012. House prices rose by a total of 1.9 per cent while apartments rose by a 1.6 per cent.
Posted by Steve Douglas
