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Residential property listings increase in Brisbane

When it comes to choosing houses for sale in Hawthorn, you should find there are more options available than ever before as listings have increased in Brisbane.

Figures from SQM Research show listings increased 3.4 per cent in August compared to the previous month, giving buyers a greater pick of top quality real estate.

Louis Christopher, managing director of SQM Research, explained: “It is clear for all to see that the market remains strong on the east coast of Australia, however the mining exposed cities are by and large, having a downturn that will likely persist for some time yet.”

These latest results don’t suggest there are problems in the Brisbane property market, however, as the group revealed a 4.5 per cent decline in listings over the past 12 months.

SQM Research also revealed its Asking Prices Index, which showed during the week ending September 2, the price of houses in Brisbane was up 0.3 per cent compared to the previous week.

Unit costs, on the other hand, experienced a rise of 0.4 per cent on a week-on-week basis.

This is compared to a 4.4 per cent yearly increase in house prices and 2.7 per cent rise for units.

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