Housing Market Update March 2019

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CoreLogic's new property update for February has been released, showing a thoroughly balanced Brisbane market with stable conditions.

Changes in Dwelling Value
Three months: -0.7%
Twelve months: -0.5%
Average annual growth past decade 1.6%

Median Values
Median Dwelling Value: $490,635
Median House Value: $538,849
Median Unit Value: $378,945

Rental Rates and Yield
Weekly rent (houses): $420
Weekly rent (units): $390
Gross rental yield (houses):  4.3%
Gross rental yield (units): 5.4%

Selling Time
Time on market (February 2019): 60
Time on market (February 2019): 39

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