PHOTO: Brisbane has all the makings of a strong housing market right now, says Nicola Powell. Photo: Butler and Co Estate Agents
Brisbane house prices are holding in the face of a declining national property market, showing a small increase to the median price, new figures show.
As house prices in Australia’s two biggest cities fall deeper into a downturn, the Brisbane local government area is bucking the trend, showing a small quarter-on-quarter median house price rise from $668,000 to $670,000.
The latest Domain House Price Report for the December 2018 quarter showed national house prices had the steepest annual fall in 15 years, shrinking back to mid-2016 levels, while Sydney prices alone have fallen 11.4 per cent from the mid-2017 peak.
READ MORE VIA DOMAIN
