‘Took my breath away’: How far Brisbane house prices just dropped

Key points

• Brisbane house prices fell 5.4 per cent in the September quarter, a drop of about $66,000 in three months, according to the latest Domain House Price Report. The typical house now sells for $1.15 million.
• The fall ended a 14-quarter growth run, which analysts linked to interest rate rises, stretched affordability and investors leaving the market. Only Perth recorded a larger fall.
• Domain's chief residential economist Dr Nicola Powell said prices are expected to fall again. Some pockets, including parts of the Redcliffe and Mount Gravatt areas, saw units rise slightly.