Investing in houses for sale in Bulimba could be a wise move, especially as Brisbane was one of just a handful of cities to have seen a rise in property prices last month.
The September RP Data CoreLogic Home Value Index showed capital gains of just 0.1 per cent across all national capitals, although Brisbane’s result was more significant.
The Queensland capital saw its dwelling values increase 0.7 per cent over the course of the month, while they were up 0.6 per cent during the September quarter.
During the past year, property prices in the city have seen a 6.4 per cent rise.
RP Data’s Head of Research Tim Lawless said it’ll be interesting to see whether a rise in property stock is snapped up by buyers up and down the country.
“The annual rate of appreciation in dwelling values has actually been moderating since reaching a peak in April this year,” Mr Lawless commented.
“The fact that the annual trend of capital growth has been trending lower is an important factor to note as it highlights that the rate of capital gain is no longer accelerating.”
Analysis showed that other indicators of strength in the property market, such as auction clearance rates, were also impressive at the start of the spring selling season.