Brisbane was one of only two capital cities to experience price increases
Brisbane was one of only two capital cities where median property prices rose in June.BRISBANE was one of only two capital cities to experience property price growth in the past month.New figures reveal that in the month to date property values in Brisbane have increased slightly – 0.1 per cent.The only other capital city to experience price growth was Adelaide where values went up 0.3 per cent in the first 27 days of June. EVERYTHING YOU NEED TO KNOW ABOUT PROPERTY FROM JULY 1 In the remainder of capital cities values are now lower than they were just a month ago.Nationally CoreLogic figures showed that values had dropped 0.3 per cent.This will be the ninth consecutive fall in dwelling values across combined capital cities, making them 2.7 per cent lower than the peak in September.Sydney and Melbourne values went down 0.3 per cent and Perth values had the biggest drop of 0.5 per cent.CoreLogic analyst Cameron Kusher said the results for the month to date were pretty much what they had expected to happen.More from newsNew apartments released at idyllic retirement community Samford Grove Presented by Parks and wildlife the new lust-haves post coronavirus18 hours ago Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 0:30Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:30 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels288p288p216p216p180p180pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenBeautiful Brisbane00:30 “I guess early this year we have seen larger monthly falls but that seems to have slowed a little bit, but not at a particularly rapid rate at this stage.He said the national falls were driven by Sydney and Melbourne, which both experienced minor falls this month so far.“It was really more of the same in both of those cities, values declining at not a rapid pace, but certainly continuing to trend lower.’’“Brisbane is slightly up slightly over the month so Brisbane which is kind of in line with the trend that we have been seeing, very similar in Adelaide as well, not shooting the lights out not falling but just kind of kicking along slowly.’’Mr Kusher said the Perth market was still unstable with values up one month and down the next.“At the moment I think it is pretty close to the bottom of the market in Perth but you are seeing the volatility month on month.The full set of indices figures will be released on Monday July 2.