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Brisbane property values continue upward streak

ByJames Brown

The prospect of owning real estate in Deception Bay could become a reality for many people, especially as it emerges that prices are growing across many of the nation's capitals.

Brisbane's property values increased 1.8 per cent during the final quarter of 2014, the latest CoreLogic RP Data Home Value Index shows, making homes more unaffordable for first-time buyers.

However, the city's outer areas may still offer some potential for buyers who are yet to get onto the ladder, which is where a real estate agent in Burpengary can help.

Houses are currently offering greater returns than units, RP Data revealed, so if you're looking for a long-term investment then this could be the right choice to make.

Unit values gained 5.1 per cent over the 2014 calendar year, which compared to an increase of 8.4 per cent for houses.

"Based on the median price across the combined capital cities, houses are attracting a $100,000 premium over apartments," revealed RP Data senior research analyst Cameron Kusher in a 2 January statement.

He expects the capital city market to lose some momentum over the course of the next year, although by this time you could well be moving into your new home in one of Brisbane's top suburbs.

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