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Brisbane home values inch higher as Sydney prices fall for first time in over a year



Brisbane home values inch higher as Sydney prices fall for first time in over a year

Brisbane home values edged slightly higher in September amid further signs the nation’s east coast housing markets are losing steam.

Dwelling values in Sydney fell for the first time in more than a year last month — dragging the overall growth of capital city markets down with it, according to the latest CoreLogic data.

“Interstate migration is picking up, so looking ahead will depend on that. The figures would seem to suggest the Gold Coast and Sunshine Coast are benefiting more from migration.”

“If we continue to see job growth (in Queensland), we might see more people leave Sydney and Melbourne for Brisbane.” CoreLogic senior research analyst Cameron Kusher.



For a comprehensive market update, check out the original article from realestate.com.au here <<<