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Brisbane home values see massive growth this property cycle

Brisbane home values see massive growth this property cycle

Brisbane can expect to see investors flood back into the market off the lowest interest rates since 1968 and banks easing restrictions on investor lending.

BRISBANE property values have seen a double digit surge this property cycle, latest figures show, with more to come as interest rate cuts see investors flood back to the market.

 

Home values here have jumped a massive 18.5 per cent during the current property cycle which has been running since 2012, making it the third highest gain nationally behind rampaging Sydney and Melbourne.

The latest CoreLogic Hedonic Home Value Index said capital city dwelling values had fallen by 7.4 per cent between October 2010 and May 2012, but since rebounded by 36.6 per cent over the growth cycle to date.

“The largest capital gains over the cycle to date have been in Sydney where dwelling values are 57.5 per cent higher followed by Melbourne with a 39.4 per cent capital gain since values started rising. The third strongest performance has been in Brisbane at 18.5 per cent.”

Sophie Foster- News Corp Australia Network

Read the full article at News.com.au

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