Brisbane’s housing affordability has improved over the most recent quarter due to increasing household incomes rising faster than dwelling values.
Over the past decade, affordability has improved because household incomes have increased by 31.2 per cent while median values have increased by a lower 25.8 per cent, according to ANZ-Corelogic's housing affordability report.
Regional coastal suburbs of Queensland have recorded the greatest value of transactions over the year, comprising of both Sunshine Coast and Gold Coast suburbs, however turnover is lower across all regions.
Although transaction volumes are lower, Noosa Heads has seen the value of properties that have transacted increase by 3.8%. Contrary to the declines are the capital city suburbs of Spring Mountain and Joyner where the value of turnover is higher over the year to February.
Jacobs Well on the Gold Coast and Berrinba in Brisbane have recorded the greatest declines in transactional values down up to 65%.
The analysis includes suburbs where at least 20 transactions over the 12 months to February 2019 and 2018.
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