Friday, September 9, 2011

Inner Brisbane Does Best

"Of all the capital cities, house values in Brisbane recorded the largest declines over the 12 months to June, falling by -6.9%. As the accompanying table shows, not one region of Brisbane has recorded positive growth in house values over the past 12 months. The magnitude of value falls has varied from a -0.1% fall in Inner Brisbane to a -13.9% fall in values within Beaudesert Shire Part A which comprises the southern suburbs of the Logan council region."

Source: RP Data Newsletter.

More details in Brisbane Times article, which concludes:
"“The subdued capital growth across the detached house market compared with units is reflective of changing lifestyle patterns as well home buyers seeking more affordable alternatives such as units over houses,” he said.

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