Brisbane house prices are falling at a record pace, according to CoreLogic’s daily dwelling values index. Brisbane dwelling values experienced an epic 44% increase in values over the pandemic (i.e. Therefore, it stands to reason that Brisbane’s housing correction will exceed the 2010-12 episode in response to the Reserve Bank of Australia’s (RBA) monetary tightening. And Brisbane’s boom over the pandemic was one of the nation’s biggest on record. Accordingly, Brisbane dwelling values should inevitably revert back to some kind of ‘fair value’.

Source: Stuff September 13, 2022 01:24 UTC