Tuesday, September 3, 2013

Brisbane doing poorly

Despite what the newspapers may report, and what real estate agents may tell you, overall the Brisbane property market is doing poorly.  Have a look at these charts published this week by RP Data.  Brisbane is second-last on both charts.  If you purchased at the last peak, like many people did, and sold today, you will have lost about 10% (not including stamp duty and real estate agent selling fees).

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