Brisbane property prices fall at record pace
Brisbane property values have just recorded their largest drop ever, a mere seven months after hitting their peaking.
Despite the large decline from its peak, Brisbane maintains the third highest gain in value of the capital cities since the start of the pandemic. (Image source: Shutterstock.com)
The tide has turned dramatically for Brisbane property, with prices recording their steepest and fastest decline on record.
Just seven months after hitting their record June high, CoreLogic’s Daily Home Value Index (HVI) shows Brisbane’s home values declined 10.9 per cent between the peak in June and 28 January, the largest percentage fall on record.
With interstate migration levels still high, interest rates have emerged as the culprit behind …
