Brisbane apartment prices crash

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By Leith van Onselen

A fortnight ago, The AFR reported that “mortgage revaluations of second-hand homes in inner Brisbane are 20 to 30 per cent below their exchanged prices as oversupply fears continue to hit the Queensland capital city”.

Today, The AFR reports that “re-sale prices of apartments in the north of the Brisbane CBD, Moreton Bay, Logan and Ipswich have dropped more than 20 per cent compared with their original selling prices at different times of their peaks over the past few years”:

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.