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EP 286 Brisbane Property Market Update October 2025

Nov 12, 2025

Brisbane’s property market continues its upward trajectory but what’s driving the momentum, and will it last?

In Episode 286 of the Brisbane Property Podcast, Melinda and Scott Jennison unpack the latest data and on-the-ground insights from October 2025. With dwelling values rising 1.8% last month and listings still well below average, the pressure on buyers is intensifying.

We break down:

  • Which segments of the market are surging
  • How the First Home Buyer Guarantee is reshaping demand
  • What’s happening with yields, vacancy rates, and investor activity
  • And why units continue to outperform houses in Brisbane

Plus, we announce a slight change in our publishing schedule, tune in for all the details.

Whether you’re an investor, home buyer, or industry professional, this episode offers timely, Brisbane-specific insights to help you navigate this fast-moving market.

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If you liked this episode, please don’t forget to subscribe, tune in, and share this podcast with others you know will benefit from the information we share!

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Transcript

0:02: Hi everyone and welcome to another episode of the Brisbane Property Podcast with Scott and Melinda Jennison.
0:08: market update time, but before we get into that, just want to let our, loyal listeners know that, we, we’re having a little bit of a change.
0:17: So after this episode, which is Market Update episode 286, we will be going to every 2 weeks.
0:23: So after this one, the next episode that’ll come out will be the 27.
0:27: November.
0:28: So, for those people that do enjoy our weekly content, please remember new episodes will now drop every 2 weeks on a Thursday.
0:38: So you can certainly look out for that.
0:40: we are completely snowed under with our client work, and it is so important that we focus our time and attention on The clients that do, pay us to represent them.
0:51: however, we do truly love delivering this free value to everyone else out there in the community.
0:57: So we have decided to do a little bit, more of both, making sure that we’ve got time to service our clients, but importantly also to ensure we continue to deliver quality content to you every 2 weeks.
1:12: So, nothing else is changing other than The frequency of the episodes, so you will still get to enjoy.
1:19: Importantly, one of our favorite episodes every month, Market Update, as well as another quality episode every month as well.
1:26: Yeah, I was just about to jump in and say, definitely market updates, that’s, one of the most, listened to episodes that we’ve, we’ve noticed that people really love to know what’s going on in the property market up here in Brisbane, and obviously, as you said, Melinda, guests, information and sharing really good content with our listeners.
1:43: , and that’s what we’re here for as well, so that will continue to be our primary focus and it will ensure that we have time to prepare quality content for you every fortnight, on an ongoing basis.
1:55: And already with 200 and 86 episodes under our belts.
1:59: there’s plenty of content in past episodes.
2:02: So if you have been a loyal listener and you haven’t listened to every one of our previous episodes, there’s a lot of quality, evergreen content, throughout some of those previous episodes as well.
2:12: So feel free to scroll back and have a look at some of the previous episodes that we have collated for you over the past 5 years since we started talking into a microphone.
2:20: And for our, the other thing for our loyal listeners, we have jumped into November.
2:26: , so we, the update today will be all about October.
2:30: So what’s happened in the October, the month of October here in Brisbane.
2:34: obviously the weather’s started to warm up.
2:36: Our listeners love to hear that from me.
2:38: but, yeah, things are starting to warm up.
2:40: Beautiful, beautiful weather up here in Brisbane, so.
2:42: , it’s, it’s interesting, the mornings.
2:44: I noticed, when I go for my morning swims and we get in the water about 5:30, but it is, it’s bright as anything before you actually get to the pool.
2:53: so definitely we don’t have the daylight savings like the southern states.
2:57: and, yeah, it’s definitely a lot brighter in the mornings.
3:00: And speaking of bright, property market in Brisbane is pretty bright.
3:05: It’s Definitely stepped up a gear yet again throughout October, compared to September.
3:11: We’ve seen so much activity on the ground, and I know we’ve been talking about some of the buyer demand that sits in some segments of the market in previous episodes, but throughout the month of October, we saw dwelling growth, that’s units and houses combined, jump here in Brisbane.
3:28: Last month in September, it was 1.2% dwelling price growth.
3:33: Throughout October, that jumps to 1.8%. So a really steep increase in the relative rate of growth here in Brisbane, and we will break that down into the house market and the unit market throughout this episode.
3:46: So, so dwellings then quarterly have grown 4.9%., quarterly, and then an annual growth of 10.8%. That’s for, that’s for dwellings overall in Brisbane, and median value for dwellings, 992,868.
4:02: Yeah, we’ll get into the numbers, shortly, but one of the, the things that is important for our listeners to understand is that selling conditions have been really strong.
4:13: Buyout conditions have been really tough.
4:16: And what I mean by that is that for quality properties with solid floor plans, no flood risk, no main roads, no noise impacts, there’s usually, especially in quality locations.
4:28: A lineup of buyers.
4:30: So the demand is outstripping supply.
4:33: In some instances, there’s more than 10 or 15 buyers for a single property.
4:38: And in that attached dwelling market, they are the units and townhouses in some premium locations.
4:44: We are seeing more than 30 offers in some instances being placed on some properties.
4:50: This gives you an understanding of the imbalance between the number of properties that are available for sale.
4:55: And the number of buyers in the market that are ready to buy right now, as evidenced by the fact that they are putting forward those offers.
5:02: Just as an example, listings in October did increase.
5:07: But they remain still well below the long-term normal, listing volumes, and because of this market imbalance, we’ve, you know, still got a market that favors sellers.
5:18: And median days on the market tightening up obviously from 22 in September to 21 in October.
5:24: Auction clearance rates, we’ve seen, they rose there roughly 68% to about 72%.
5:30: Yeah, that’s really strong activity.
5:31: And, in our episode last week with Justin Nickerson, we talked a lot about, you know, what we’re seeing in that auction market in Brisbane.
5:39: If you missed that episode, we encourage you to go back and, and tune in.
5:43: There was a lot of value shared there as well.
5:45: It’s interesting.
5:46: I, I, I, what we have noticed is, is different segments of the market.
5:50: I know we’ll get into the segments as we normally do a little bit later on, but.
5:54: That sort of sub $1 million price point is super super competitive.
5:59: obviously we’ve seen that the first home buyer, the scheme come out from 1st of October, we saw, and we’ve mentioned this in other episodes, we, we did see a bit of a, I’ll call it a frenzy, I suppose, when that was actually that date was brought forward.
6:14: we’ve seen that continue, and, and that sub $1 million mark is super, super competitive.
6:21: Absolutely.
6:21: And, in fact, so competitive, we are going to dedicate the next episode of this podcast to talking specifically about this subsection of the market and the impact that the first home buyer guarantee scheme will have.
6:34: So look out for that when it, drops 2 weeks from today.
6:37: , the price point asymmetry is quite apparent as well.
6:41: And what I mean by that is that, we only have in Brisbane, about 43% of suburbs with a median house value now below the $1 million threshold, whereas we’ve got roughly 94% of suburbs in Brisbane that have a median unit value under that.
7:00: Million dollars dollar threshold.
7:01: So you can see why we’ve seen that market in the attached dwelling segment, that’s units and townhouses, really perform strongly, especially since that first home buyer guarantee scheme was announced.
7:15: and this is just a, a structural shift in demand.
7:18: It’s based on affordability, but those schemes also can shift demand into certain markets.
7:22: But, Yeah, really interesting in Brisbane.
7:25: It’s much harder to get a house, than it is to get a unit or a townhouse in that sub $1 million price point.
7:32: As I’ve mentioned before, and any new listeners as well, if you want to jump in and have a look at a lot of the information that Melinda does compile, each month, the blog is on our website.
7:43: it has a lot of diagrams, graphs, all that type of thing, a lot of information stuff.
7:46: People like to digest a lot of this information.
7:49: By reading it, jump over to the blog at Streamline Property Buyers and have a look at that, read through that information as well.
7:56: The website address there is streamlinedproperty.com.au/blog, and you’ll be able to access the content that Scott is referencing in this episode today.
8:08: a 5-year growth, let’s just talk about that long term, you know, market that we’ve had or that market growth that we’ve had in Brisbane.
8:16: What’s, what’s been apparent in the last couple of years is that unit growth here in Brisbane has outpaced house price growth, and this is different to the national norm, so this is why I, I like to talk about this, One of the reasons why we’re seeing this happen is the supply of units, that’s the total number of listings of units in Brisbane is significantly below the 5-year and the 10 year average number of listings.
8:48: So we’ve seen that, supply pipeline for units completely dry up.
8:54: At a time where the demand has been escalated, and part of that demand has been caused by those first time buyer incentives falling in that more affordable end of the market.
9:03: So, that’s a really important distinction to make when we look at housing supply versus unit supply.
9:09: It’s units that have really shriveled up even more so than houses, and it’s part of the reason that explains that, that really strong Price growth in that subsection of the market.
9:18: Also a little bit of the construction costs, I too, it’s, it’s not affordable for developers to be building those smaller complex units as well.
9:26: we’ve talked about it before on the podcast as well, the cost to, to, to build those units, is a lot more than what it is to buy an established, unit in the market as well.
9:37: Absolutely.
9:37: , in October, and also in November, we’ve seen no change in monetary policy.
9:43: Interest rates have remained unchanged, so that’s not really, you know, impacting the market.
9:48: If interest rates were to fall, we’d probably see more demand stimulus come into the market.
9:53: If they were to increase, that can have an impact on consumer confidence, of course, but, we’re not seeing any of those changes.
9:59: Certainly haven’t for the last couple of months.
10:01: So, you know, where, where interest rates go in the future, time will tell.
10:06: Yeah, I think they’ll I’m not sure to predict that one.
10:09: I think it’ll, I think it’ll remain tight.
10:10: I think they’ll keep an eye on things, and as I said, as you just said, then we didn’t have a change in November either.
10:16: so we’ll see what that brings, but I think they’ll be, they’ll be watching and monitoring the market in that space as well.
10:21: So, dwelling values, as we touched on at the very start, so let’s jump into some numbers now.
10:27: so Brisbane dwelling values rose 1.8% in October, up from 1.2% in September, as Melinda mentioned earlier.
10:33: , and as I said, a quarter, that’s a quarter rise of 4.9% annual pace up 10.8%. And just for perspective compared to other, other capital city markets, Brisbane for the month of October came in second place in terms of monthly growth behind Perth, which sat at 1.9%. Now, for the last few months we’ve been talking about Darwin outperforming the market.
10:57: Darwin has slipped down.
10:58: , to third place with 1.6% growth over the month of, October.
11:04: So, you know, time will tell whether people are moving out of that market already.
11:08: It’s had a really strong run over the last few months, but it appears to be, drifting slightly backward in terms of that growth momentum compared to the likes of Brisbane and Perth, which are re accelerating.
11:20: And we’ll jump in and break it down shortly on how that was obviously dwellings, houses, and units as well, so.
11:27: , obviously different, different segments and we talked about, I touched on that earlier, but again that lowered part of the market.
11:33: , is still performing the highest.
11:36: Yes, in Brisbane, it is absolutely apparent that the more affordable segment of the market are driving the long-term growth, and this is all dwellings, and I’ve said it every monthly update for, I don’t know how many months, but, this does, mean that the units and townhouses which are outperforming houses still, they make up predominantly a lot of the, the lower segment of the market.
11:58: So 4.5% 3 monthly or quarterly growth in the cheapest 25% of property dwellings that have transacted here in Brisbane compared to 2.8% growth in the most expensive 25% of property values.
12:12: Now, that trend is the same in Perth, which is leading monthly growth.
12:17: However, in Darwin, which is in third place, it’s the top end of the market that’s leading growth.
12:21: And in fact, the more affordable end is lagging behind the more expensive properties.
12:26: So there are different trends within each capital city.
12:30: and even the likes of Melbourne and Sydney, it’s definitely not the more affordable end of the market in the last quarter that’s been leading the growth.
12:38: in those markets, actually, it’s the middle segment of the market or the middle 50% of property values.
12:43: So, don’t believe national.
12:45: Headlines in terms of what’s happening in the Australian property market.
12:49: This information is relative to each capital city market, and of course, it is relative to dwelling values, not units and townhouses specifically.
12:58: So, understand, it’s important to understand the nuances, in terms of what the data is representing.
13:04: It’d be interested to see if that changes a little bit, how that does affect, cause I know last weekend when we were at, we went out to a few auctions, there was some In the $4 million sort of range houses, there was also some really high-end, properties that went to auction.
13:18: I know one was about 18 Market, just over 18m, another one a bit over 7 mill.
13:25: I think one of the high-end agencies in the city here.
13:29: I think they sold about 4 or 5 properties and they said there was about $47 or something million dollars worth of property, so.
13:35: , so that’s, that’s a fair bit of money, obviously for Brisbane, when we, but we talk about Brisbane again saying bang for your buck what you get, that’s quite a lot of house that you would get for that, that amount of money as well.
13:48: So let’s look at house values.
13:49: This is going to help us understand how we’re tracking within each segment of the market across all of Greater Brisbane.
13:56: Over the month of October, Bris experienced 1.8% growth in the housing market.
14:04: Now, that’s a big jump up from the performance in the last, month throughout September.
14:09: In Perth, house values shifted 1.9%. So Brisbane came in in second place.
14:16: Now, if we just compare that to other capitals, we saw Sydney at 0.6%, Melbourne 0.9%. Adelaide 1.4%, Hobart 0.5%, Darwin 1.3%, and Canberra, 0.7%. So every capital city market saw growth, appreciation, which means the, the values did increase.
14:37: But, Brisbane and Perth really powering ahead in terms of the, the rate of acceleration.
14:42: , quarterly and annual figures very strong there too, Scott.
14:46: Yeah, I actually, I, without, I haven’t got a calculator and we haven’t done the numbers on this yet, but I’m just looking at the change from October to September, roughly about $23,000 is the increase.
14:58: I actually saw something on a, on a news article, just yesterday or the day before, I think it was, and it said that, the weekly increase in the property is more than the average wage or a wage for someone that’s actually.
15:10: Working in the industry, an industry, I don’t know what it was, but it’s amazing that when you break that down, say 230 $24,000 a month, break it down weekly, yeah, you’re talking about, you know, $6000 a week.
15:22: And remember, and it’s important based on the context that we provided previously, if you are shopping at the median value, which currently sits for a house at $1,87,183 that is now the median value for a house across all of Greater Brisbane.
15:39: Shopping at that median, references the numbers that, that you’ve, you’ve discussed there, Scott, but if you have a budget that is higher, it, it is a percentage value change, so 1.8%. Of $1 million is very different to 1.8% of 1.6 or $1.7 million.
15:55: It’s also very different to a budget of $800,000.
15:59: However, because the more affordable segment of the market is growing at a faster rate, it’s also important to calculate in the fact that there is stronger growth at the more affordable.
16:10: And and perhaps not, growth that’s not quite as strong at the, the more expensive end.
16:15: And that’s where, you know, on the ground buyer’s agent can add enormous value for people to understand what’s happening in a local area, because data’s great and it leads you to a location, but it doesn’t tell all of the nuances in relation to the area itself.
16:29: I think it’s also, an important thing to tell people, if, if you’re looking to buy property, whether investment or home, whatever it may be.
16:37: And you, you’re starting to talk to a broker and looking at a budget, get an understanding of what the median is because you probably want to set yourself a little bit higher if you can than that.
16:47: So yeah, in a rising market.
16:49: So obviously, you know, for houses, we’re nearly at $1.1 million from media.
16:53: Price and for units, which we’re just about to jump into, you know, that’s, that’s jumped up now to $774,000 for a medium price unit.
17:03: So when you’re starting to set your budgets and looking to say, look, I want to get into the property market and I’ve got a budget of 6500 $700,000.
17:10: , it’s gonna be super tough, for where you’re going to go, and you’re going to have to probably go a long way away from the Brisbane CBD, that’s for sure, Unit markets, let’s jump in there as well.
17:21: So obviously they’ve led the way again in October, increased 1.9% for the month.
17:28: That’s 5.3% in the quarter and 14% for the year.
17:32: Interestingly, Brisbane’s unit market still leads the nation in terms of capital city unit market performance, so Brisbane still remains the Top performing unit market in terms of capital growth.
17:45: And this has been the case for many months, and 14% annual growth in our unit market.
17:52: the, the next market that’s, behind us in unit market performance has been Darwin at 12.7%. So Brisbane really has had an outstanding run in that attached dwelling segment.
18:04: And as you Pointed out, Scott, the median value now just under $775,000.
18:11: It wasn’t so long ago, certainly before the first home buyer guarantee scheme came into effect, where all of the first home buyer incentives, cut out in Brisbane at $700,000 and a lot of first home buyers were shopping in a market up to $700,000 but With those recent shifts in stimulus and the increase in the first home buyer caps for eligibility for the first home buyer guarantee scheme, we’ve also seen property markets escalate, and that was, that’s going to be covered in, in our next episode, in 2 weeks’ time.
18:43: But I do want to point out the fact that the yields here in Brisbane are compressing, and the reason for that is not because rental price growth has stalled.
18:52: In fact, rents are still on the rise, and we’re going to get to that.
18:56: But in fact, house values, have risen at a faster pace than house rents, and unit values have also now risen at a faster pace than unit rents.
19:07: And what that means is that the yields are compressing.
19:10: That is the income that you can generate from the asset that you buy as a proportion of its total cost.
19:17: , so for the house market, a gross yield in Brisbane now sits at 3.3%., and in the unit market, a gross yield now sits at 4.2%. So slightly higher gross yields in the unit market, compared to the house market.
19:32: But, you know, gone are the days where you can buy quality properties in Brisbane with.
19:38: Yields, you know, above 5 or 5.5%, that’s just not an achievable outcome in many parts of the market right now.
19:46: So, additionally, anyone that is lending or leveraging, to purchase a property, given interest rates are elevated at, you know, between 5.5 and 6% for most, residential buyers.
20:00: You know, if you’re leveraging it at least 80% of the value of the property, cash flow positive properties are also a thing of the past because of the cost of lending and these compressing yields.
20:10: So, again, this is something that we assist our clients with if they are property investors to help them understand the cash flow position on a property and also the gearing position on a property so that they can have those conversations with their tax accountant to understand.
20:24: The tax implications, but I just thought that was an important metric to really unpack today just because the, the rate of growth in Brisbane has been so strong in recent months.
20:34: Yeah, and just to jump on, obviously, this is all these, data and information obviously coming through from, totality, it almost rolled off my nearly said core logic again.
20:46: I’m getting there with totality, and also prop track, the results for both the units and houses is also aligned.
20:53: , with that positive trend from totality as well, just so you know that as well, rental market, yeah, yeah, super tight, vacancy rates remain sort of almost record lows, rents are re-accelerating with the annual house growth, 5.6% and unit rent at 6.
21:12: 5% over October.
21:14: So that just for, for clarity and context, you’ve just quoted the annual change in rents for houses being up 5.6%, and the annual change in rents for units being up 6.5% here in Brisbane.
21:26: But if I can unpack vacancy rates in both segment of the market according to totality,, in the house market, vacancy rates across all of Greater Brisbane are sitting at 2.1%, whereas in the unit market, they’re sitting at 1.1%. So it’s a tighter market in that attached dwelling space for tenants as well, which is why we’re potentially seeing more upward pressure on rents in the unit market compared to the house market.
21:52: and additional, Additionally, units are a more affordable option typically for most renters or tenants that are looking to reside in a particular location.
22:00: So, it’s interesting, to unpack how the vacancy rate actually aligns with the annual change in rents that we are actually seeing that’s being achieved by, property investors.
22:12: Yeah, I think if you’ve got a property.
22:14: , and you want to rent it out, there’s a pretty good chance you’ll get a tenant pretty fast in Brisbane as well.
22:20: investors, first home buyers, their activities both, obviously very important in this, in this cycle as well.
22:25: So investors accounted for about 38.3% of Brisbane’s housing finance, while first home buyers come from, Comprised roughly about 27%.
22:35: Yeah, so this, this tells us there’s a lot of investor interest still throughout Queensland, and a lot of that has been concentrated throughout Southeast Queensland, and we’re certainly seeing that through our own levels of inquiry here at Streamlined Property buyers.
22:49: There’s a lot of investors that are shifting up in their price caps, obviously purchasing in Brisbane with 500 000 to $700,000 budgets is becoming really Much more difficult compared to previously.
23:03: And so a lot of investors are looking at budgets of 900, 950 plus, just to actually secure a quality asset here, in Brisbane.
23:13: So, you know, I think that it’s important to understand that.
23:18: Affordable price points have shifted so much faster in recent months, and a lot of that shift has come from the, the unit market and the townhouse market, and that’s based on a shift in demand, brought forward by stimulus, but also, lifestyle shifts as well.
23:34: We’re seeing a lot of first home buyers really comfortable to be buying.
23:37: , 2 bedroom, one bathroom units, and that was just probably unheard of only, you know, a couple of years ago.
23:43: Yeah, we’ll get in the market.
23:44: That’s the important thing at the moment as well.
23:47: what we’re seeing on the ground, obviously, it mirrors pretty much what we talk about as well.
23:52: we’re seeing a lot of people turn up at open homes.
23:54: We’re seeing.
23:55: Lots of people registering for auctions, and even active, bidding at auctions as well, multiple offers on properties in the right locations.
24:03: I, I guess as a summary, which is pretty much straightforward, obviously we’ve seen it, the property market rise here faster than in September.
24:11: Days on markets have shortened.
24:12: , clearance rates have firmed up, listings remain really low, below, below long-term averages, and that demand, especially in that, sub $1 million dollar price point as I touched on, and we’ll jump talk about more in our next episode in two weeks, as Belinda mentioned.
24:29: that sort of things obviously had a lot of pressure on and units, they’re winning that race as well, over houses.
24:36: Yeah, and I think that it’s important that we need to emphasize that there’s some things that could slow down this momentum in the market, and I don’t want to just highlight the fact that everything is rosy and will continue to be.
24:48: There’s definitely some things that could slow down this market momentum.
24:52: , first of all, affordability.
24:54: We can’t deny the fact that in many locations, housing’s becoming much less affordable for locals, and we’ve talked about this previously.
25:01: In Brisbane, there’s many locations that are still very very affordable for the local demographic, and in other locations, it’s very unaffordable for the local demographic.
25:09: So that’s a critical piece for people to understand before they buy.
25:14: The path to lower interest rates at the moment is not straightforward.
25:18: we were expecting a few months ago that we may have seen another interest rate cut this year.
25:24: That’s now very unlikely, so interest rates may stall, and the direction of their movement in the future could impact, you know, property markets as well.
25:34: , through population movements, we’re starting to see a slight slowdown in interstate migration into Queensland, although it’s still, still fairly strong, but these longer term trends can impact property markets as well.
25:50: And I see, I think if we start to see a further slowdown in population movements, that could also implement, influence property markets, because it does.
25:59: the underlying demand for housing to some extent in some locations.
26:04: I think that regulators, and changes that regulators and banks even are making can impact the market.
26:11: We just saw recently, Macquarie Bank came out and have banned lending to trust structures.
26:19: now, that is off the back of some of the advocacy work that,, I have done in my role as ReA president, in conjunction with Ben Kingsley as the chair of the Property Investment Council of Australia.
26:31: We’re warning consumers about the fact that there’s many buyers’ agents that are not, licensed to provide advice around structure, and yet there’s a lot of social media advertising, suggesting that purchasing in a trust structure will fast track your way to, portfolio building.
26:47: So, The bank has come out and said, we’re taking a stance on this, and we’re not actually lending to anyone in trust structures, moving forward.
26:56: So that’s a big stance, and, we may see some other banks follow, and these sorts of things can also influence, you know, property markets and sentiments, as well.
27:05: So, I think also, the final thing in relation to, to what could change the momentum is, the barriers to new housing supply.
27:14: And at the moment, those barriers do still exist.
27:18: but if we see any changes to planning approvals or, construction costs or, you know, rezoning of land, that could also influence the longer term outlook for Brisbane property prices.
27:29: But so far, I can’t see any of those things having an immediate impact.
27:33: These are probably more long-term influences.
27:36: Excellent.
27:37: Well, that’s a market update for this month.
27:40: as we did mention earlier on, we will go to fortnightly now, so 27th, I think I said, 27th of November will be the next episode.
27:49: we’ll keep you up to to pace with everything, we’ll keep you up to date with everything, no doubt.
27:54: and we’ve got obviously guests and more exciting information to come along the way through the Brisbane Property podcast, In the lead up towards Christmas and the end of the year, which is coming around really, really fast.
28:06: As usual, it’s been great talking and giving you the update and information.
28:10: I will let Melinda wrap things up as I normally do.
28:13: thanks very much for listening.
28:15: Take care and bye for now.
28:16: Thank you once again for joining us on today’s episode of the Brisbane Property Podcast.
28:20: We hope you have enjoyed this, Mark.
28:22: Update, and we hope that there’s a lot of value that we’ve been able to deliver for you today.
28:26: As always, if you have enjoyed this episode, please leave us a review and share the episode with friends and family, so they too can be informed about what is happening here in the Brisbane market.
28:37: We look forward to speaking with you again in 2 weeks, and until then, we’ll speak to you soon.
28:42: Bye for now.

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