Brisbane House Prices: Scoreboard Update: March 2012
Brisbane recorded a strong result in March with +1.49% growth in the price index, the strongest monthly growth since December 2009. This brings the calendar year results back into the black with a +0.33% result, entirely good and encouraging news considering the year we experienced in 2011.
With the intention of a little bragging I will repeat the statement issued on this blog in March..
The data isn’t inspiring for February with the Brisbane median house price recording a -1.12% result. I wouldn’t be surprised to see this number rebound in the near future due to the increased investor activity we are noticing in March at Allen Real Estate.
And so it was.
And to repeat another statement from the recent update.
There is increasing risk for those trying to time the bottom of the Brisbane market that they could miss their mark, time will tell! Looking forward to the rest of 2012 as it’s been a reasonably normal and healthy year for residential property so far.