Home values in Brisbane have risen by 2.5 per cent in the last 12 months, according to new research from RP Data.
All capital cities except Hobart experienced growth in the last year, and Brisbane has experienced a 1.7 per cent increase in home values in the past three months alone. In August, values increased by 1.5 per cent.
Owners of Bulimba real estate will be pleased by the figures, which show a clear trend of recovery on a quarterly and annual basis in the combined capital city index.
The data shows home values increasing in the last year, but unit values falling by 1.2 per cent over the same period. This is good news for those with houses for sale in Bulimba and anyone looking to buy a unit in the region.
Figures also showed an increase in demand for housing finance in the past 12 months, which is due to the ongoing decline in mortgage rates.
In more good news for the property sector, total dwelling approvals rose by 28.3 per cent in the past year, which may suggest that housing construction is continuing its steady rise.