ABC Finance
Brisbane records second-highest house price rises
Monday May 5, 07:29 PM
The latest Australian Bureau of Statistics (ASX: ABS.ax) house price figures show Brisbane properties rose in value by 2.8 per cent in the March quarter.
It is the second-highest price rise in the country, coming in behind Melbourne where prices went up 4.1 per cent.
Dan Molloy from the Real Estate Institute of Queensland (REIQ) says while the population drift to Queensland is continuing, there has been a definite slow-down in the market which is likely to continue.
"The figures that have been released today really confirm that the market has slowed," he said.
"There's been some easing in demand and certainly we're coming back to more normal levels of activity and growth as a result of that easing off."
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