PropTrack data showed Brisbane values had slipped 2.77 per cent from their April peak but remained 7.51 per cent higher over the year, with Adelaide leading the capitals on 14.23 per cent annual growth. Economists said rate rises had rebalanced the market, although tight rental conditions, returning migration and low unemployment would cushion further falls. A buyers agent described a standoff between sellers and buyers and expected competition to return as interstate migration resumed.
Reported by
Samantha Healy, Herald Sun, 1 November 2022
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