With so much talk of price falls, Brisbane apartments should be seeing poorer demand conditions right now. Perhaps all the bad news is driving buyers to have a look around in search of a bargain – demand is now up 4.5% over the past 12 months. Offshore property seekers are also very active, and we are now seeing Bris- bane with the biggest increases from this buyer group – far higher than any other capital city.
Overall, prices in Brisbane are up 1% with houses seeing a slight increase and apartments seeing a de- cline. From a demand perspective, the timing in the cycle for this city appears to be at odds with Melbourne and Sydney. Source: https://www.realestate.com.au/australian-property-market/property-report-july-2018/
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