Brisbane's reign as king of property price growth is over
Brisbane's property market has outshone the rest of the country for a year but its reign as the capital growth king is over, with monthly market increases limited to just 0.1 per cent.
House rents have increased 13.2 per cent in Brisbane over the last 12 months, leading the rental price growth for houses throughout Australia. (Image source: Shutterstock.com)
The king of property growth in Australia has lost its crown.
Brisbane’s exalted position as the fastest growing market in the country is over, with monthly growth slowing to a trickle and Adelaide, Darwin
, Perth and Canberra outperforming the Queensland capital last month.The Brisbane property market is starting to transition, following changes that have been observed in other markets around Australia over recent months.
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