Brisbane housing market replace [video]

Brisbane housing market replace [video]

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With a 2.0% fall in dwelling values via October, Brisbane recorded the biggest month-to-month declines of any capital metropolis or broad remainder of the state area.

Since values peaked in June, the market is down 6.2%, or in greenback phrases, down about $48,300.

The decline comes after a dramatic run-up, the place values elevated by virtually 43% in the course of the progress part.

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Brisbane’s unit market is recording a considerably milder decline, with values down 1.2% since peaking, in contrast with a 7.2% drop in home values.

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Whereas values are falling, rents are surging.

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