Affordability set to spark Brisbane housing market spike

AFFORDABLE properties are set to spark a rise in demand in Brisbane with both lenders and buyers expected to turn more of their attention here, latest research has found.

Nationally, the most inexpensive quarter of the market was the only segment to rise across the country over the past 12 months, according to industry research firm CoreLogic.

CoreLogic research head Tim Lawless said the most inexpensive quarter of the market saw values rise 0.6 per cent in the past year, while the upper quarter logged a 5.4 per cent fall and the middle segments fell 0.5 per cent over the year.

“The trend towards more robust housing market conditions for affordable properties can be seen geographically as well, with the top ten capital city subregions, based on an annual capital gain, generally located in more affordable areas such as Hobart, the outskirts of Melbourne and parts of Brisbane and Adelaide,” he said.

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Source: News