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Brisbane units hold steady, avoiding sharp price drops Brisbane’s declining unit prices are showing signs of improvement already, with the latest data showing more promising results across most of the city. The oversupply of units in Brisbane has been widely publicised but data from the latest Domain State of the Market Report shows prices fell only minimally over the December quarter. Apartments in Brisbane’s east and northern suburbs held strongest, recording falls of only 0.2 per cent and 0.5 per cent respectively over the December quarter. First-home buyers may not be able to buy a new apartment in Brisbane due to a restriction on deposit amounts. Photo: Tammy Law In the eastern suburbs, the median price for a unit is now $425,000, down from $426,000 in the September quarter. Prices are down by 2.3 per cent year-on-year — the median price for a unit in December 2016 was $435,000. Units in Brisbane’s north, which had a median price of $410,000 in December 2016, have fallen 5.4 per cent overall for the year but the decrease slowed significantly in the December 2017 quarter, dropping by only 0.5 per cent to a new median price of $388,000. Units in the inner city also fared well. The median price fell 1 per cent over the December quarter to $475,000, down 1 per cent from $480,000 one year ago. Star performers in December: Apartments in Brisbane’s east and northern suburbs held strongest.
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