Seems like this might be a good time for people to look for investment opportunities in the property market - take all that money out of storage and start putting it into city apartments. It's really only a matter of time before people start taking their fears out of storage and start buying again!
Brisbane apartment prices (to 30 April 2017)
April 2017 - down 3.1%
Quarter - down 1.9%
Year to Date - down 2.1%
Year on Year - down 3.1% Median price based on settled sales of Brisbane apartments over the quarter - $400,000
A 3% decline on a $500,000 apartment is a loss of $15,000.
Rents are also dropping, on my rough calculation by about 5%.
"Brisbane Apartment Prices in Freefall"
1 Comment -
Seems like this might be a good time for people to look for investment opportunities in the property market - take all that money out of storage and start putting it into city apartments. It's really only a matter of time before people start taking their fears out of storage and start buying again!
June 18, 2017 at 12:52 PM