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No cause for alarm yet – property prices

Low interest rates, a lower dollar and rising populations were supercharging property demand, causing prices to surge past sustainable levels in some places, according to some analysts; but there is still a mixed reaction about potential problems.  CommSec says higher prices means wealth levels are rising. The RBA urges caution – “rates will rise” – “people need to do their homework”.

Tthe March median dwelling price in Brisbane was $482,000 with house price to disposable income ratio at 7.4 (11.4 in Sydney & 10.1 in Melbourne). Limited wage growth in Queensland is keeping a lid on local generic price growth.  Most are very cautious about their next move.  That suggests a fully priced market, not an undervalued one in Brisbane.