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