In Brisbane, housing values have slipped 1.1% over the March quarter to be down 1.3% over the past 12 months. The Brisbane unit market has continued to underperform relative to houses. However, the performance gap is much less substantial than it has been over the past decade.
Brisbane unit values remain 12.2% lower relative to their peak back in 2010 and gross rental yields are amongst the highest of any capital city, which is likely to be an attractive combination for investors.
With housing market conditions showing some weakness, typical selling times have extended relative to a year ago, with dwellings averaging 68 days to sell over the March quarter, compared to 38 days a year ago.