Brisbane house prices forecast to increase by 5 percent, but no growth for apartments: JLL

Brisbane house prices forecast to increase by 5 percent, but no growth for apartments: JLL
Brisbane house prices forecast to increase by 5 percent, but no growth for apartments: JLL

Brisbane house prices are predicted to increase by 5 percent over the next 12 months according to JLL, who believe the change in unit prices will remain flat over the 12 months.

The Brisbane Residential Market Report to December 2015 found the median house price is up 4.4% on the year and the median apartment price down 0.3% on the year and down 0.34% on the quarter.   

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Brisbane house prices forecast to increase by 5 percent, but no growth for apartments: JLL

The report noted listings are selling, with total house listings down 10.2%, new house listings down 1.1% on last year with total apartment listings down 1.7%. It found the Inner Brisbane region has shown the strongest price growth for houses, up 11.3% on last year to $938,000

"Southeast Inner Brisbane was up 5.3% to $733,000. Growth levels have been lowest for Caboolture, Ipswich City, Pine Rivers and Logan City, up between 2.2% and 5.0%. Ipswich City offers the cheapest median price at $327,000," the report found.

"For apartments, growth levels have been much lower, with Inner Brisbane unchanged over last year at $496,000. The strongest growth rates on substantial turnover have been in Southeast Inner Brisbane and Caboolture, at 4.7% and 6.0% respectively. 

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Brisbane house prices forecast to increase by 5 percent, but no growth for apartments: JLL

 

"The inner suburbs are most in demand, with median house prices above $800,000. This falls rapidly with distance from the CBD to around $550,000 10km or more from the city and $400,000 20km or more from the city."

Median Brisbane house prices showed the strongest quarterly growth to December 2015 nationwide with an increase of 4.4% according to new figures released by JLL.

  

Click to enlarge

Brisbane house prices forecast to increase by 5 percent, but no growth for apartments: JLL

 

The median house price is up 4.4% on the year and the median apartment price down 0.3% on the year and down 0.34% on the quarter.

Click to enlarge

Brisbane house prices forecast to increase by 5 percent, but no growth for apartments: JLL

 

Michael Crawford

Michael Crawford

Michael is the real estate reporter for western Sydney and loves writing about homes and the people who live in them. A former production editor and news journalist, he enjoys writing about real-world property purchases as well as aspirational buys and builds. Following a recent move from Sydney’s northern beaches, Michael now actually enjoys commuting.

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Brisbane Dwelling Prices

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