\u00a0<\/p>\r\n
As revealed in the latest Domain Group State of the Market Report, median house prices across the five LGAs, which include Brisbane, Ipswich, Redland, Moreton Bay and Logan have fallen by 0.2 per cent. Furthermore, Brisbane LGA house prices have fallen by 1.5 per cent over the September quarter to a median of $650,000 last year, whereas unit prices have dropped by 3.5 per cent to $376,685.<\/span><\/p>\r\n \u00a0<\/p>\r\n What\u2019s more is that property prices are down not only in some cities but across most of the country, including Sydney, by 0.5 percent. IN SHORT, the five-year property boom is over or will soon come to an end.<\/span><\/p>\r\n \u00a0<\/p>\r\n \u00a0<\/p>\r\n While Brisbane\u2019s median house price was still up by 1.7 percent in the past year, results showed that the local property market didn\u2019t rise as expected but has remained a flat one until the end of 2017.<\/span><\/p>\r\n \u00a0<\/p>\r\n Experts say that Brisbane house prices are \u201con hold\u201d– and until there\u2019s improvements in wages and consumer confidence, Brisbane will likely stay in a holding pattern of MINIMAL growth.<\/p>\r\n \u00a0<\/p>\r\n \u00a0<\/p>\r\n Fairly enough, this is already something to be glad about, and investors, home buyers and sellers are doing nothing to make the most out of the great opportunities in the real estate market.<\/span><\/p>\r\n \u00a0<\/p>\r\n <\/p>\r\n <\/p>\r\n Instead of just watching and waiting for the property market to rise, people in Brisbane should have the urgency to buy or sell their property NOW while there\u2019s still potential.<\/span><\/p>\r\n \u00a0<\/p>\r\n <\/p>\r\n <\/p>\r\n Because despite all these hopes and positive expectations, it is not wrong to assume the housing crash is still a huge possibility that should worry us all this 2018. One smart move is to go out and grab the opportunity to sell your property before house prices totally crash. Don\u2019t just sit around and wait to see how things pan out. This may seem safe and easy, but remember, this might be your last chance!<\/span><\/p>","protected":false},"excerpt":{"rendered":" House prices in Brisbane and other cities are starting to fall while rental yields are becoming unsustainably low at the same time. \u00a0 As revealed in the latest Domain Group State of the Market Report, median house prices across the five LGAs, which include Brisbane, Ipswich, Redland, Moreton Bay and Logan have fallen by […]<\/p>\n","protected":false},"author":1,"featured_media":217,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[13,72,321,176,12,18,38],"class_list":["post-216","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-blog","tag-brisbane","tag-buying","tag-house-prices","tag-property-selling","tag-real-estate","tag-real-estate-market","tag-selling"],"yoast_head":"\n![](\"https:\/\/lh6.googleusercontent.com\/5dAf8L07oa_qIDXFAhsP4CyiWt7gusDjXmSGKSc_f9BIh7lft2u8QGWcu5SX9EkND4IzsN9_tx5t6wDso0l99YkYROAwkJlFCdhx2z8bVU9jQQhKSmI6yisTSCf0YyXwL-Jmm5_q\")
![\"Brisbane](\"https:\/\/lh6.googleusercontent.com\/_Dld6u-m62tzIuK72yCCn9YSr5vl-s2wfa3Sp8OQitIZtguHC49XrqdR2vqVY3fO5gdKQxRzLeCso1l_dNs4jHYfD5x1PoIesKVAGfqHgmg66rGYYO1bH_qAiy7ETc7NL477INEQ\")
\u201cThere\u2019s no urgency in the market,\u201d says Kerrianne Meulman, managing director of Urban Economics.<\/span><\/h5>\r\n
\u201cPeople in Brisbane don\u2019t have that pressure to buy because things aren\u2019t accelerating. We\u2019ve still got low interest rates and those underlying stories \u2013 like non-existent real wages growth and modest growth in unemployment \u2013 mean we\u2019re watching this space rather than rushing out buying houses.\u201d<\/span><\/h5>\r\n
\u201cWhile the figures are down, it doesn\u2019t necessarily mean everyone\u2019s house in Brisbane has declined by this much, just that the median value has,\u201d Mr Pressley says.<\/span><\/h5>\r\n
\u201cGoing forward, Brisbane has rock solid fundamentals. We\u2019ve had a difficult five years economically. We\u2019ve weathered that storm and our property prices have held up well, unlike Perth and Darwin, and what we can look forward to is the resources sector showing some green shoots.\u201d<\/span><\/h5>\r\n