Wednesday, August 1, 2012

Brisbane Apartments are Worst Performing Market: RP Data Statistics

Dwelling values across capital cities recorded a second month of capital gains in July with dwelling values up by 0.6% over the month following a 1.0% rise in June.  The RP Data-Rismark Home Value indices posted a second successive rise in capital city dwelling values over the month of July. Across the combined capital cities, dwelling values rose by 0.6 per cent over the month with the rises being relatively consistently over the first three weeks of July followed by a -0.2 per cent fall over the final week of the month.  Over the three months to the end of July, capital city dwellings have posted an increase of 0.2 per cent.
See RP Data July Release

Brisbane apartment prices:
July 2012 - down 2%
Quarter - up 0.3%
Year to Date - down 3.9%
Year on Year - down 5%
Median price based on settled sales of Brisbane apartments over the quarter - $366,000.
The Brisbane apartment market is the worst performing capital city apartment market in Australia this year.

Below is a chart for dwellings, which includes both houses and apartments:

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