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Brisbane’s housing market is se...

Brisbane’s housing market is set to recover

House prices rose in the last quarter according to the latest report from Australian Property Monitors.

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

 

 

All information provided is of a general nature only and does not take into account your personal financial circumstances or objectives. Before making a decision on the basis of this material, you need to consider, with or without the assistance of a financial adviser, whether the material is appropriate in light of your individual needs and circumstances. This information does not constitute a recommendation to invest in or take out any of the products or services provided by SMATS Services (Australia) Pty Ltd or Australasian Taxation Services Pty Ltd.

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