Feb 2016 Housing Market Outlook

The latest RP Data housing update was released today. It shows Brisbane’s market up 0.8% for the last quarter, with a relatively modest increase of 2.8% over the past twelve months. For our postcode 4154, the average time on market for a house is currently 60 days, and for a unit 70 days. On average, houses are held for 7.4 years and units 6.8 years. Vendor discounting (ie reduction in sale price over first listing) in Brisbane was around 5.3% in January. For further information, http://www.corelogic.com.au/housing-update/#indices-brisbane

 

screenshot_878Meanwhile, Herron Todd White have updated their excellent market tool the “property clock”, which still shows Brisbane as being at 9pm, in other words, still growing with significant scope for further growth. Download their latest report at http://www.htw.com.au/downloads.aspx

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