CoreLogic research director Tim Lawless said on paper Brisbane’s market had everything going for it.“What we are seeing in Brisbane particularly, is the Brisbane core or local government area, have seen a stronger growth reading than some of the outlying areas like Ipswich, Moreton, Redland and Logan.“Those sort of areas do seem to be dragging the average down just a little bit, probably because they do have slightly softer economic conditions and higher unemployment.’’Mr Lawless said dwelling values in the Brisbane local government area had increased by five to six per cent in the past 12 months, while in the greater Brisbane values only went up by 2.2 per cent. Brisbane’s median house price has become more affordable in the past month.NEW dwelling values reveal Brisbane’s property market is more affordable than it was at the start of the year.The median dwelling price has dropped 0.4 per cent for the month of February to $485,000.Both house and unit values dropped during the month, according to the CoreLogic home value index.Across the combined capital city dwelling prices rose by 1.4 per cent in February.CoreLogic head of research Tim Lawless said Brisbane had underperformed despite the expectations many had for it.More from newsMould, age, not enough to stop 17 bidders fighting for this home2 hours agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investor8 hours ago“Particularly my expectations,’’ he said.“On paper, Brisbane, it should be a stronger performer, it doesn’t have the affordability challenges of the larger cities, it has seen a turn around in interstate migration helping to improve housing demand.’’
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