Brisbane home values have increased by 1.2 per cent over the September quarter, which will be positive news for anyone looking to buy or sell Morningside real estate.
Owners of both detached houses and units will be heartened by the figures, showing the same uplift in values for both property types. The data comes from RP Data's Housing Market Overview October 2013 produced for CitiBank.
While current home values continue to track below their November 2009 peak, the figures show Brisbane has a more affordable market than other main centres like Sydney and Melbourne. This makes it attractive to buyers who may be looking to expand their investment portfolio or purchase their first home.
Sales volumes are currently 14.6 per cent higher than they were a year ago, which is promising for owners looking to sell.
Rental rates for houses and units have increased across Brisbane over the past year, with house rents up 2.6 per cent and unit rental rates increasing by 0.3 per cent.
Currently, the average rental rate for a Brisbane house is $424 weekly, with units coming in at $404 a week.