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Brisbane home prices hit new high ahead of interest rate meeting

Press coverage 1 August 2023 Summary of published coverage
Brisbane home prices hit new high ahead of interest rate meeting

Brisbane dwelling values reached a fresh record in July after a seventh consecutive monthly rise, lifting 0.4 per cent over the month, PropTrack reported. Economist Eleanor Creagh linked the rebound to scarce new listings and firm buyer demand, while regional Queensland values slipped slightly. PIPA chair Nicola McDougall said strong overseas migration was adding to price pressure and that the rate tightening cycle appeared to have ended.

Reported by

Elizabeth Tilley, Herald Sun, 1 August 2023

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