This Blog is designed to provide information about buying or renting apartments in Brisbane, Australia.
Sunday, September 23, 2012
Ten Percent Under Water in Queensland
"Ten percent of Queensland homes are currently worth less than or equal to their purchase price while 36 percent are worth more than double the purchase price. At the same time a year ago, 5.3 percent of homes were worth less than or equal to their purchase price and 39.3 percent of homes were worth more than double their purchase price. These results highlight the growing impact of the continued underperformance
of the Queensland housing market."
From RP Data Accumulation Report, June 2012 Quarter (Report released September 2012)
Brisbane is slightly better than the Queensland statistics.