"Given the weak housing markets of 2011 and 2012 were followed by a very robust 2013 first quarter, we may well be seeing some natural market volatility associated with vendors acquiescing and taking the opportunity to sell."
Brisbane apartment prices (to 31 May 2013):
May 2013 - down 1.7%
Year on Year - up 1.5%
Year to Date - up 1.1%
Median price based on settled sales of Brisbane apartments over the quarter - $375,000.
With a number of businesses in Brisbane continuing to make employees redundant, or implementing a wage and hiring freeze, it is hard to see things getting better in Brisbane any time soon.