BRISBANE BEATS SYDNEY, MELBOURNE, WITH NO SIGN OF HOUSING SLOWDOWN ACROSS SOUTH EAST QLD

New data has found that Brisbane blitzed other capitals ending the year with the highest housing value growth on the mainland, with no sign of a slowdown in 2022 for the entire South East Queensland region.

CoreLogic data released Tuesday expected a two speed housing situation to emerge in the country with Brisbane, regional Queensland and Adelaide set to defy 2022 slowdowns currently being experienced in Sydney, Melbourne and Perth.

Brisbane delivered a whopping 27.4 per cent surge in housing values in 2021, it found, with regional Queensland seeing a rise of 25.2 per cent. The only other capital to go higher was Hobart off the mainland at 0.7 percentage points more than Brisbane (28.1 per cent for the year).

“In Brisbane and Adelaide, housing affordability is less challenging, advertised stock levels remain remarkably low and demographic trends continue to support housing demand,” the report found.

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