After values fell almost 1%, the past two month have seen Brisbane housing values rising.
The recent increase has pushed dwelling values to a new record high, although we are still seeing some divergence between Brisbane house and units in terms of growth.
Unit values actually slipped 0.1% lower in October and remain 12% below their 2010 peak.
Sales activity has also shown a lift with our estimate of settled sales rising almost 10% over the month.
In trend terms, the number of home sales across Brisbane is still about 1.6% lower than a year ago,
The rise in sales activity can also be seen in the extremely low number of homes available for sale across Brisbane.
Total listing numbers have drifted lower despite an almost 80% rise in new listing numbers since early May.