Over the past 12 months Brisbane dwelling values increased by 15%, the second highest capital city growth rate behind Perth at 24.4%. The flow of new listings in Brisbane remained elevated compared to the same time last year up 8.4%. Despite this, total listings available in Brisbane are lower than last year, indicating demand continues to outstrip supply.
The pace of annual rental growth continued to ease in August, with national rental values up 7.2%, down from the 8.6% rise seen over the 12 months to March. Brisbane is performing as anticipated with annual rental growth of 6.0% which has the knock-on effect of yields weakening in our capital. Is now a good time to sell, buy or hold? Well that always depends on your investment strategy and our story of the month might raise some curiosity on what to do next. Check it out and as always, let us know if we can help in any way.
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Case Study: 6/56 Miskin Street, Toowong
With a current rental appraisal of $600 per week this property recently sold achieving a sale price of $771,500 representing an indicative gross yield of 4.0%. However the happy buyers are owner occupiers which we are seeing more and more of at this price point subsequently reducing investment supply and placing upward pressure on rents.View Property
