BRISBANE PROPERTY PRICES -MONTHLY UPDATES

Each month we summarize movements in Brisbane property prices that are recorded by the major property research groups including Corelogic, Domain and SQM Research.

We also provide out latest on-the-ground update, for Brisbane property prices and provide our commentary on what we are seeing at the coal face of Brisbane property transactions.

 

 

Brisbane Property Market Update June 2021

Brisbane Property Market Update June 2021

Activity throughout Brisbane in June remained high in the residential property market, which is not a surprise. Brisbane is now amongst the top ten most liveable cities in the world according to the Economist Intelligence Unit (EIU), and rightly so. Our city offers an...

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Brisbane Property Market Update May 2021

Brisbane Property Market Update May 2021

The Brisbane Property Market remains firmly entrenched in a housing boom. The growth is being driven by the most expensive end of the market, growing more than double the rate of the least expensive segment of the market. This is most likely due to the high level of...

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Brisbane Property Market Update April 2021

Brisbane Property Market Update April 2021

Brisbane Property Market Update April 2021 This article will highlight what has been happening in the Brisbane Property Market during April 2021. Brisbane property values have continued to climb throughout April in both the housing and unit markets. We are seeing a...

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Brisbane Property Market Update March 2021

Brisbane Property Market Update March 2021

Brisbane Property Market Update March 2021   This article will highlight what has been happening in the Brisbane Property Market during March 2021.   Housing market values across Australia continued to surge throughout March 2021, and Brisbane was no...

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Brisbane Property Market Update February 2021

Brisbane Property Market Update February 2021

Brisbane Property Market Update February 2021   This article will highlight what has been happening in the Brisbane Property Market during February 2021.   Like most locations around Australia the Buyer activity in Brisbane has escalated rapidly as the weeks...

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Brisbane Property Market Update January 2021

Brisbane Property Market Update January 2021

Brisbane Property Market Update January 2021   This article will highlight what has been happening in the Brisbane Property Market during January 2021.   The New Year has seen very strong buyer activity throughout Brisbane.  After a small Covid-19 scare...

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Brisbane Property Market Update December 2020

Brisbane Property Market Update December 2020

This article will highlight what has been happening in the Brisbane Property Market Update during December 2020.   The last month of 2020 delivered a strong wrap up for the year for Brisbane.  There was little slow down in the weeks leading up to Christmas....

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Brisbane Property Market Update November 2020

Brisbane Property Market Update November 2020

This article will highlight what has been happening in the Brisbane Property Market throughout November 2020.   It feels like rocket fuel has been added to the Brisbane Property Market in the last month.  Sentiment has accelerated rapidly and so too are prices in...

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Brisbane Property Market Update October 2020

Brisbane Property Market Update October 2020

This article will summarize what has been happening in the Brisbane Property Market throughout October 2020.   October has seen a huge turn around in Buyer sentiment in Brisbane.  It seems that even more buyers have entered the market in the last month and this...

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Brisbane Property Market Update September 2020

Brisbane Property Market Update September 2020

This article will summarize what has been happening in the Brisbane Property Market throughout September 2020.   Funnily enough, last month we reported that many of the news and media headlines in relation to property values around Australia were negative.  In...

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Brisbane Property Market Update August 2020

Brisbane Property Market Update August 2020

Have you read the Headlines about the Property Market throughout August 2020?   We have read a number of headlines again throughout August about the direction that the Property Markets are headed.  Most of these stories discuss the Property Market as one ......

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Brisbane Property Market Update July 2020

Brisbane Property Market Update July 2020

What has been happening to the Property Market in Brisbane in July 2020? This is the question that a lot of people ask when we first speak. There is so much variation in what is going on around Australia. We know, it is hard to keep up with information that is...

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Brisbane Property Market Update June 2020

Brisbane Property Market Update June 2020

The real estate market in Brisbane continues to prove its resilience, despite the Coronavirus shock. The long awaited lift in the housing market throughout late 2019 and early into 2020 has definitely slowed down, but Brisbane still looks better placed to weather the...

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Brisbane Property Market Update May 2020

Brisbane Property Market Update May 2020

It is not surprising that the data reported for May in relation to the Brisbane Property Market supports our “on-the-ground” assessment of what we have been seeing for a number of weeks. In short, there has been no change in house values recorded across the month...

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Brisbane Property Market Update April 2020

Brisbane Property Market Update April 2020

We are not going to lie, as I write this Brisbane Property Market Update for April 2020, I realize that has been a very tough month for many of us and it feels like a long time ago that we wrote our last Market Update.  We have had to come to terms with a new way of...

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Brisbane Property Market Update March 2020

Brisbane Property Market Update March 2020

The trend in Brisbane house price growth remained positive throughout the month of March, despite the outbreak of the COVID-19 virus radically changing the way we now have to live over the last 2 weeks of the month. In this Brisbane Property Market Update, the latest...

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Brisbane Property Market Update February 2020

Brisbane Property Market Update February 2020

Brisbane continues to show underlying strength in its property market with a new record median house price set in February 2020 of $503,265.  This month's Brisbane Property Market Update can report another month of positive house price growth.  February demonstrated...

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Brisbane Property Market Update January 2020

Brisbane Property Market Update January 2020

In this months' Brisbane Property Market Update, it has been described as the “busiest January in a decade” by some real estate sales agents and we certainly agree with this statement. Right from the first Saturday in January, we have witnessed record numbers of...

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Brisbane Property Market Update December 2019

Brisbane Property Market Update December 2019

Property Markets around Australia have continued to perform well throughout December, and certainly Brisbane is one Capital City that has ended the 2019 year with positive annual growth. This growth has occurred mainly in the second half of the year, spurred on by...

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Brisbane Property Market Update November 2019

Brisbane Property Market Update November 2019

Brisbane property values have continued to grow slowly and steadily over the last month on the back of stronger house price growth at a national level. Since our October Brisbane Property Market Update was published,  Corelogic Home Value Index data has confirmed that...

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Brisbane Property Market Update October 2019

Brisbane Property Market Update October 2019

It appears that property values around the nation have continued to trend higher in October and Brisbane certainly follows this positive month-on-month gain. Since last month, we are even more excited about what we are seeing on the ground.  In this month's Brisbane...

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This article explores what the seasonal trends are in Brisbane property prices and the causes for these differences.  Research has suggested that the most expensive month to buy in Brisbane is January with 0.5% to 0.78% increase in house prices due to seasonality changes.

graph of rental yields to determine where to buy an investment propertyThis has been broadly attributed to the alignment with the start of the new school year and the commencement of public service contracts (especially in education) and the end of the summer holiday period. Others have maintained that often decisions about moving are made during the Christmas break, so listings increase soon after.

But it could be argued that local drivers of supply and demand may be different this year as we have been experiencing very low listing volumes over recent months, and this has already been limiting the supply side of things throughout the spring season.

To get an understanding of what is happening in terms of supply and demand locally, I provide the following commentary…

Throughout 2019, Brisbane has been coming out of a period of oversupply in the inner city unit market, which dampened property values in the medium to high rise unit space and also caused a softening of rental returns and higher vacancy rates in all properties close to the CBD as discussed previously.  More recently we are seeing a return to growth in rental returns throughout Brisbane and vacancy rates tightening due to most of that apartment stock being absorbed due largely to accelerating population growth over recent times.

In the sales area, we have had very low listing volumes for several months and there has certainly been a growing trend of a lack of quality properties available in certain locations throughout the city – putting a limit on the supply available. Since mid-2019, however, there have been a growing number of buyers driven by both local and interstate interest, increasing the demand for properties and starting to push prices up in some locations around the city.

There are examples at auctions we have attended where there were 19 and 21 registered bidders in two locations (one south-side and one northside) in November – illustrating the huge buyer demand for quality properties in desirable locations throughout our city.

Going into 2020, construction commencements are down so new supply will continue to be limited in the foreseeable future.

Sales Agents are more optimistic about new listings early in 2020, so we are hopeful that we see more sellers providing their homes for sale in the new year which might have a more immediate impact on supply in line with the findings in relation to seasonal trends – but that is yet to be confirmed. It seems many Brisbanites are holding on to their properties – a reflection of an increase in the number of years property owners tend to own a property before selling on.

In terms of the First home loan deposit scheme available for first home buyers from 1 January 2020, in Brisbane only properties valued up to $475,000 will be eligible and this will most likely push any of those buyers into LGA outside of the Brisbane City Shire if they are considering a house on a block of land, or alternatively, it will enable a purchase in an inner city or inner ring suburb apartment or a townhouse in a middle ring suburb.

I’m unsure if we are likely to see any significant change in the demand for property as a result of this scheme due to its limit to 10,000 borrowers – but I guess time will tell.
From our own internal enquiry we are certainly seeing a spike in interstate investment interest in the Brisbane market driven largely by our affordability and desirable rental yields. There seems to be a lot of optimism around Brisbane – and has been for some time.


Time will tell what will eventually unfold in terms of Brisbane property prices. In the meantime, we have a seller’s market in Brisbane where there are a lot more buyers then there are sellers. This is likely to have a positive effect of price growth unless we see more sellers bring their properties to the market to level out the supply and demand equation.

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