Owning Bulimba real estate just got even better. Statistics released by the RP Data Home Value Index showed that dwelling values increased both in Brisbane and nationally over the month of October. Capital city values jumped 1 per cent month-over-month, while this brought the quarterly increase to 2.2 per cent.
RP Data's Chief Economist, Tim Lawless, felt that these rises are a sign that "the rate of capital growth is continuing to moderate". He backed up this claim by mentioning that "the combined capital cities have increased by 8.9 per cent over the 12 months ending October '14, which has slowed from a peak of 11.5 per cent in April of this year".
Despite these moderating levels, Brisbane did well. RP Data showed that while the increase for October was under the 1 per cent monthly climb for the country at 0.6 per cent, Brisbane was one of only three capital cities to increase. This could be because Sydney's soaring home values push up national averages.Brisbane continues to perform well, though, with dwelling values jumping 1.3 per cent over the quarter and 5.6 per cent year on year for a current median of $442,000.
While these may not be the biggest changes in the country, our housing market is still performing strongly and adding value to your investment.
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