Post a Comment On: Brisbane Apartment

RP Data's recent Capital Market Report 2012 had the following information regarding Brisbane:

Brisbane's capital gains have been well below the combined capital city average since 2009. Compared to Brisbane's long-term and medium term gains, the last 12 months has recorded an extremely weak performance. Brisbane sales volumes are currently at their lowest levels since 1996. Average discount levels across the city current sit at 8.8% for apartments (compared to 2010, when it was 7.4%). Apartments in Brisbane are currently taking an average of 72 days to sell (compared to 55 days to sell for the 12 months prior). For the apartments sold in 2011, the average hold time was 7 years.