The property market in Brisbane entered the Covid-19 crisis at record highs that will give it the strength to rebound strongly once economic activity and confidence return. Prices rose consistently across the city and regional Queensland, according to new data from CoreLogic. Brisbane prices increased 3.8% in the April quarter compared with the corresponding period…
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The May data from CoreLogic shows Sydney remained the most robust real estate market as Australia entered the Covid-19 lockdown. The high levels of price growth across the city indicates there will be a release of pent-up demand for properties as economic activity returns to normal and confidence returns. The Sydney market recorded price growth…
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The Melbourne property market stayed in positive territory in the lead up to the Covid-19 lockdown, growing 1.4% in the 12 weeks ending April 30. This result gave Melbourne an annual year-on-year increase in property value of 12.4% – a strong result beaten only by Sydney and Darwin, according to the latest data CoreLogic. Despite…
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