Brisbane's Leading The Way
BRISBANE is leading the nation for the first time in nearly a decade in all four property performance indicators. The last time this was the case was in 2007, just before the GFC hit. Houses and units in Brisbane gained a third of a per cent in value with Adelaide to be the only other capital to increase, but only just 0.1% higher. Sydney has seen a fall in values with numbers down 5.6% compared with 12 months ago. Melbourne fell less at nearly 1% in the past month and 1.1% in the last year.
According to the news.com.au article, while the Brisbane growth is generally slower than a year ago, migration is picking up in Queensland hence why Brisbane is still experiencing the increase. The improving economy and relative affordability is also helping.
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