Brisbane house prices predicted to bounce back after flood-induced fall

 Brisbane property values could immediately drop if the market mirrors the experience in 2011, when the city last experienced a major flood event.

But agents and property analysts say they are confident any downturn will be short, and followed by a quick recovery.

A recent report by property data organisation CoreLogic showed Brisbane's dwelling values took several years to recover after a price drop following the 2011 floods.

The report showed that Brisbane's property values fell by 6.1 per cent between January 2011 and January 2012 and did not fully recover until March 2014.

Read More: https://www.abc.net.au/news/2022-03-07/qld-south-east-queensland-floods-house-prices/100882770



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