The drop in Brisbane unit values has finally slowed

first_imgUnit values halted their downward slide during January.THE drop in Brisbane unit values has finally slowed with new figures revealing some subtle growth in January.The latest CoreLogic home values figures revealed that unit values increased 0.1 per cent during January.This was on the back of a 0.9 per cent drop during the past quarter and a 0.7 per cent drop last year.The median unit value for Brisbane was now $384,551.Brisbane’s median house value actually dropped by 0.1 per cent during January to $532,395.More from newsNew apartments released at idyllic retirement community Samford Grove Presented by Parks and wildlife the new lust-haves post coronavirus21 hours agoCoreLogic head of research Tim Lawless said the unit market was still dragging down Brisbane’s results as a whole as a result of concerns around supply and buyer caution.According to the latest Jones Lang LaSalle, Brisbane apartment market report, market fundamentals for the unit market are expected to remain difficult in the short to medium term as a high level of stock is absorbed.“Downward pressure on apartment values and rents is expected to be maintained, but ease slightly in the short-run,’’ it said.“Any recovery in the inner Brisbane apartment market will be dependent on the continued growth of the Queensland economy and any subsequent increases in population growth stemming from that improvement.”Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 0:34Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:34 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD540p540p360p360p270p270pAutoA, selectedAudio Trackdefault, selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenMonthly Core Index: January quarterly00:34last_img read more