The 1.6 per cent drop is the biggest month-on-month decline since 1983. 9News
have suffered their biggest monthly drop in almost 40 years as the market's downturn accelerates.
CoreLogic's research director, Tim Lawless, said Brisbane's shift into decline had been acute after almost two years of sustained growth due to record high internal migration and relative affordability."It was only two months ago that the Brisbane housing market peaked after recording a 42.7 per cent boom in values," Lawless said.
"Over the past three months, values are down eight per cent across the Richmond-Tweed, -4.8 per cent across the Southern Highlands-Shoalhaven market and -4.5 per cent across Queensland's Sunshine Coast."
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