BRISBANE PROPERTY MARKET UPDATE – AUGUST 2023
Hi, it’s Karen Young from Property Zest Agency and Property Management. In this five-minute market update, I’ll be sharing the latest stats for August 2023 in Brisbane.
Listings are down 15% compared to last year, but that’s an improvement from last month. Time on the market is down to 25 days, indicating a fast-moving market. House values and unit values have increased by 1.3% and 1.4% respectively. Rental yields have slightly decreased to 4.2%. Overall, the rental market is still tight with a vacancy rate of 1%.
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