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Brisbane unit owners face falling equity amid sharp drop in values

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Your Investment Property | 29 Jan 2015, 12:47 PM Agree 0
While investors in Sydney are basking in the afterglow of flourishing property values, things are not so rosy for investors in Brisbane’s unit market.
  • V | 30 Jan 2015, 09:28 AM Agree 0
    Hi Nila,

    I just wanted to ask how the rising supply in fortitude valley could be causing median price to drop last quarter, yet the suburb profile report on YIP website indicates fortitude valley increased 4.74% last quarter. Confused...

    Thanks in advance.
  • Nila | 30 Jan 2015, 11:27 AM Agree 0
    Hi V,
    The report actually states that the median unit price in Brisbane as a whole dropped 4% according to Domain. There were oversupply concerns in the inner city Brisbane including Fortitude Valley.
    The report didn't say that values dropped because of oversupply in Fortitude Valley. It says experts blamed rising supply in inner city areas including Fortitude Valley for the poor performance.

    The performance of Fortitude Valley wasn't taken in isolation. The median unit price as reported by Domain took the whole Brisbane city as a whole, so other issues were also at play.

    Also worth noting that the data on YIP website was from RP Data which can be different with Domain at times.
    Hope this helps.
    Cheers,
    Nila
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