Brisbane’s property market continues to show strength but what’s really happening beneath the surface, and how should you be thinking about your next move?
In this February market update, we break down the latest data, the key drivers behind price growth, and the external factors that could shape what happens next.
In this episode, we cover:
- Brisbane’s standout performance compared to Sydney and Melbourne and why the gap is widening
- The surge in the sub-$1M market, driven by first home buyers, investors, and government incentives
- What 86% growth over 5 years really means for buyers trying to understand value today
- Why some segments are booming (and others are moving slower, including prestige and commercial)
- The reality of tight supply, with listings still well below long-term averages
- What’s happening with house vs unit prices, including the strong performance of units and rising yields
- Rental market conditions, vacancy rates, and what this means for investors and tenants
- Key headwinds to watch, including:
- Global uncertainty and geopolitical tensions
- Possible changes to negative gearing and capital gains tax
- Interest rate movements and their impact on borrowing power
This episode is designed to help you cut through the uncertainty and better understand how to approach the Brisbane market with confidence.
Whether you’re feeling the pressure of a fast-moving market or unsure about timing your next purchase, having the right insights and the right strategy can make all the difference.
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Transcript
0:00: In this episode of the Brisbane Property podcast, we’ll give you an update of the market up to February.
0:05: And we’re going to be reporting on what impact the international unrest and the potential change to capital gains tax and negative gearing might have on Brisbane’s property market.
0:16: We hope you enjoyed this episode.
0:17: Hi everyone, and welcome back to another episode of the Brisbane Property podcast with Scott and Melinda Jannison, and it’s market update time for the month of February.
0:26: Yes, welcome back, everybody.
0:27: We love giving you a big run.
0:29: Down of the data, and for this episode, we’re going to be discussing all of the data up to the end of February, and we’re also going to be unpacking some of the headwinds that exist across all property markets around Australia.
0:42: We’re going to relate it to Brisbane.
0:43: Of course, there’s international unrest.
0:46: There is the chance of higher interest rates for much longer.
0:50: There is also talk of changes to capital gains tax and negative gearing, and we’re going to unpack what some of this means for the Brisbane property market.
0:58: Yes, it’s a.
0:59: Interesting start to the year.
1:00: Obviously the, we’ll jump into all the details of the property market as normal.
1:03: A very quick one, but as well to our, to our friends, especially the ones in Dubai, we’ve, we’ve helped a lot of clients over there, and we have reached out to, to quite a lot, so hello to you guys over there, and I, I hope you stay safe and keep well.
1:15: Our thoughts with you guys and hopefully everything settles down really, really fast.
1:19: So Brisbane market, wow, February, we’ve really seen Brisbane’s position itself as one of the strongest performing markets in Australia.
1:26: It certainly has been, and we’ve seen that.
1:28: Across both the house market and the unit market throughout the city.
1:32: We’re going to really breakdown some of the segments within the market to see what is driving this price growth, this consistent month on month price growth.
1:42: And if we reflect back on the last 5 years here in Brisbane, we have had significant shifts in dwelling values.
1:49: In fact, there’s been a change over the last 5 years of 86.1%. Now that’s a huge, huge increase.
1:58: In the property values across one single capital city in such a short period of time, it’s no wonder people are really struggling to understand value in the current market, especially if they’ve not been actively participating in this growth that’s occurred in recent times.
2:15: So, obviously, there’s structural reasons for this, which we’re going to be discussing in detail today.
2:20: It, it’s an amazing number when you look at that, and I know we talk about, you know, dwelling values rose 1.6% in Brisbane, but then, It’s not until you actually think about that 5 year sort of things and you say 86.1%, when you, when you add it all up, it’s incredible.
2:37: I actually did a call with someone enquiring about our services the other day and, They’ve been looking for about 2 years, and she, she said to me, you know, look, it’s, I wish we’d sort of looked at it, we got into it earlier and understanding what it’s doing, but also feeling that it’s got momentum and it’s going to continue on.
2:55: I think that’s the general feel of how people are at the moment in the, in the Brisbane market.
2:59: And I think that it’s so important for people that are not here in Brisbane experiencing what is going on to understand.
3:05: that it is not the same across all capital city markets around Australia.
3:09: In fact, if you’re sitting in Sydney or in Melbourne, your market is not performing anywhere near in the same way as it is here in Brisbane.
3:17: In fact, on a quarterly basis right now, the numbers in Melbourne and Sydney are actually showing property values are slightly declining.
3:25: That’s quarterly growth trends according to totality, whereas here in Brisbane.
3:30: They’re still accelerating, we’re still growing.
3:33: Our annual figure shows that we’ve got re-acceleration in terms of growth.
3:37: So, what is happening here in Brisbane is different to the other East Coast capitals, and it’s so important for people to understand that, especially if they’re not here as locals, but they are buying into this market, and that’s something we spend a lot of time educating our clients about.
3:51: I, I think that’s a really important, point to make, Melinda, when you, When you talk about that and people from interstate say to us, oh, you know, I, I might wait and watch the market for a while, there’s so many things I can actually quote, I suppose.
4:03: I’ll watch the market, I’ll see what’s happening, or if they’re looking in the market, oh well, here’s my offer, you can take it or leave it.
4:09: You know, I, I’ll wait for the next one, or trying to get more information or negotiate.
4:14: It’s such a fast market at the moment, Brisbane, and at the moment, if, if you think about it in another way, the sellers have choice.
4:22: That’s right.
4:22: So the sellers have a lot of choice.
4:24: When, when we go to properties where there’s, and I’m not over-exaggerating, when there’s 30 offers on a property.
4:29: I think one in the last couple of weeks I’ve talked about it before, we had 31 offers on it.
4:33: Just recently there’s another one with about 18 offers on it.
4:36: So the seller has choice and the seller’s in the position to be able to say, well, you know, this is the, these are the conditions I want, this is the price I want.
4:44: Sometimes there’s negotiated negotiations on that side, but it’s a very, very different market to what we hear, and, and we’re not in the Melbourne, Sydney, those sort of markets, but.
4:53: It is very different to those markets up here, it can be fast.
4:56: Properties can sell very, very fast.
4:58: You can be open on a Saturday and it’s sold Saturday afternoon still.
5:01: So multi-offs are really popular or common, I should say, they’re not popular.
5:07: They’re not popular with us, but yeah, very, very common, and we’re seeing that sort of happen as well, so I totally agree when you talk about different markets.
5:15: And can I also just say that not all segments of the Brisbane market.
5:18: And not all property types are hot like that.
5:21: We also, you know, operate in the prestige market.
5:24: It’s a, it’s slower moving market here in Brisbane.
5:27: Any homes that are impacted, even riverfront homes that might have a level of flood impact, they do take a lot longer to sell, because buyers are a lot more cautious, and there’s absolutely fewer buyers in that top end of the market.
5:40: So people are paying, You know, good money for quality, but as soon as there are impacts that buyers need to assess in terms of the risk that they’re prepared to take on, things slow down because buyers absolutely do generally have time to assess risk on those higher end properties.
5:57: Slightly off what we talked about here today, but also for those people out there, commercial side of it.
6:03: Again, it’s, it’s not quite as fast as that lower price point residential area.
6:08: So your lower price point residential, very, very fast, very hot market, especially a sub.
6:13: Million dollar mark.
6:14: as you mentioned, prestige market can be a little bit slower, and also the commercial market, the same type of thing.
6:20: You get a little bit more time, to do all your due diligence and your research on those properties as well.
6:25: So, I guess extending upon that point that you’ve made, the composition of buyers in Brisbane, you know, is shifting, and we do have some data to now support that.
6:34: So, ABS data now shows that loans to first home buyers in the September to December quarter for 2025.
6:43: 6.8%. And they are actually 9.1% higher than the same quarter back in 2024.
6:53: So, this is the strongest result that we’ve had in that first home buyer activity in over two years.
7:00: So, volumes in first home buyer transactions are at the highest level since March 2022, when there was also a lot of stimulus in the market.
7:10: So, you know, obviously, we have seen that.
7:12: Federal Government 5% deposit guarantee scheme come into effect on the 1st of October, that brought that demand forward.
7:20: That enables more first home buyers to get into the market, and we’re seeing through the numbers now, that that has had a positive impact on seeing more homebuyers come into the market.
7:31: So, I think it also appears to be influencing price growth in that sub $1 million dollar price point here in Brisbane.
7:39: That’s where the first home buyer guarantee capped.
7:42: Benefits typically cap out, and we’ve actually got some data to show, you know, what’s happened to prices, or property values in properties under that $1 million price point versus properties that are over that.
7:55: And, in fact, Brisbane, quarterly home price growth by price segment below that $1 million price point, was a lot higher than it was above, and prop track data actually showed Brisbane had, the most significant shift between where the First home buyer caps cut out, in terms of price growth below that limit, versus price growth above that limit.
8:19: So, that’s really interesting.
8:21: We saw 2.8% quarterly growth in properties that are under that $1 million dollar price cap, and we only saw 1.69% growth in properties that were over that price cap.
8:31: So therefore, you know, it seems to have had a meaningful impact on driving, those property prices higher.
8:38: I think, when we talk about it, and we obviously don’t want to get political on this side of it.
8:42: But when you, when you, the words you sort of mentioned there about the the federal government initiative and and what sort of impact that would have, it stimulated that market.
8:53: Yeah.
8:53: That’s basically what it has done.
8:55: It’s, it’s really stimulated a market that probably in Brisbane didn’t really need it too much.
9:01: As we’ve talked about and we’ll go into the data in a little while, the numbers when you look at the unit market, especially established units, generally, like we’re sitting, I think, again, the numbers will come up later, probably 800.
9:12: something odd $1000 as median price.
9:14: I haven’t looked at the numbers yet, but that some $1 million dollar mark, it was very, very hot.
9:19: Consistently we’re saying, and I talk about it over and over, 1.4%, 1.4%, we just seem to grow 1.4% every single month over and over, and that was that price point.
9:30: And yet it had now it then it gets stimulated with an incentive from the government, and that’s basically pushed more pressure on that part of the market as well.
9:38: So that’s the market we’re seeing a lot of pressure on in Brisbane.
9:41: Absolutely.
9:42: And look, this is at a time where supply remains very restricted, and we talk about supply quite often in this podcast.
9:48: This is the number of new properties that become available for sale.
9:52: But when we look at total listings, in Brisbane, we are still down about 30% on our long-term average.
9:59: New listings, we were down in January, 15.3% lower than we were 12 months prior.
10:06: In February, whilst we did see an increase in Listings, we’re still more than 20% lower than 12 months prior.
10:14: So we’ve got a shrinking volume of properties that are available for sale, at a time where demand remains elevated, and yes, the Federal government’s stimulus, first home buyer guarantee, does bring forward that demand and, and bring more buyers into the market, and that is part of the reason why we’ve seen more demand move into that sub $1 million dollar price point.
10:35: But equally, we’ve got about 40%.
10:37: 50% of loans to Queensland borrowers are going to property investors.
10:41: There’s a lot of investment activity.
10:43: Investors are typically skewed towards the more affordable end of the market as well.
10:48: So we’ve got investors competing with first home buyers, and also right sizes, where we perhaps have people that are selling bigger family homes, moving into some of the smaller apartments or townhouses in locations that, meet the lifestyle needs of those downsizers.
11:03: So it’s a very competitive segment of the market.
11:05: And auction clearance rates, they were 70.4% on average through February.
11:11: So obviously that, that’s pretty strong.
11:13: Yeah, a lot higher than a year ago.
11:14: Yeah, definitely higher, and, and especially, and I know we’ve talked about this as well.
11:18: Brisbane has not traditionally been a massive, auction sort of city.
11:22: I think it’s becoming a little bit more popular now.
11:25: We are seeing a lot more, properties go to auction, so yeah, good clearance rates, strong clearance rates there at 70.4%. And of course in February we saw.
11:32: Our first rate hike since November 2023, we saw the RBA lift interest rates to 3.85%. So, you know, obviously, that does have an impact on people’s borrowing capacity.
11:46: It does have an impact on consumer confidence.
11:48: And with the, you know, things that are going on in the world at the moment, it’s likely that we may see another interest rate hike in the near future.
11:57: We’ve also got very sticky inflation, which also, Puts pressure on those interest rates as well.
12:03: So time will tell, but that could be something that, does affect people’s borrowing capacity and confidence in the months ahead as well.
12:10: So there’s definitely some headwinds that we need to be drawing your attention to.
12:13: Definitely.
12:13: So, we’ll jump into some dwelling values, and then we’ll break it down into houses and units.
12:18: So dwellings, median prices reached $1,080,538,000.
12:25: So quarterly growth 4.8%., marginally eased from January’s 5.1%, and then we saw the month obviously increase 1.6% in dwellings.
12:35: Yeah, and compared to Sydney and Melbourne across the month, no change in property values.
12:39: So Brisbane, one of the, stronger capital city markets, of course, Perth, still performing very, very strongly in terms of that monthly price growth, and Adelaide also.
12:50: Performing well not far behind Brisbane.
12:52: But what we want to do is break down those dwelling values into the quarterly segments.
12:58: So the most affordable quarter of the market, or the lowest 25% of property values that transacted.
13:03: In the three months to the end of January, we saw 6.5%, change in those more affordable markets, compared to the most expensive 25% of.
13:13: Properties that transacted in Brisbane, those properties shifted 4%.
13:17: So all parts of the market in Brisbane are increasing in value on a quarterly basis, and, in fact, are much stronger than markets like Sydney and Melbourne.
13:26: But it is that more affordable end, that’s moving in the fastest way in terms of price growth and price change.
13:33: , Proprac obviously confirmed that as well.
13:35: We saw an increase of 0.7% in February.
13:40: So if we break it down to the house prices, so house prices, obviously we’ve seen an increase there.
13:45: So the median price value for a house in Greater Brisbane, $1,175,981.
13:55: monthly, that’s an increase of 1.5%. Yeah, again, when we look at house price growth in Brisbane, of 1.5% for the month of February, that’s very strong growth, and in fact, the other capital city markets that have experienced, strong growth there, mainly Perth and Adelaide, are doing very well, but the likes of Sydney and also Melbourne in negative growth territory there, so, something to be mindful of.
14:24: We’ve also got a situation where we add up the house price growth on an annual basis, along with the, the gross yields.
14:31: It gives a total return of 20.2% for those that have invested in Brisbane houses over the last 12 months, which is well above long-term averages.
14:41: And a lot of people are, sort of, suggesting, is this sustainable growth?
14:45: Is this likely to continue?
14:47: Well, at that rate, we don’t expect that growth.
14:49: Will continue, that’s very strong growth, however, based on the fundamentals, which we will discuss later in this podcast, we can’t see values declining.
14:58: So we do still see more moderate growth continuing into the future.
15:02: I think we’ve said that before, moderate growth, and it seems to surprise us each month as well.
15:07: So yeah, interesting there.
15:08: So quarterly 4.6%, annually, 16.7% for housing values in Greater Brisbane.
15:15: And we’ve also got gross yields for a house now sitting at 3.2%. That’s unchanged from last month.
15:22: So it is actually indicating that, you know, Brisbane’s not necessarily the place to buy a house for strong yields anymore.
15:29: House values have increased so rapidly over the last five years, and whilst rents have also been increasing, we’ve actually seen yields compress.
15:38: Because the rate of value growth has outpaced the rate of rental price growth, and that’s why the return on investment has been declining for property investors.
15:47: So if we jump into Brisbane units, now I did take a guess on those numbers, and I said 800 and something, I couldn’t remember what it was.
15:54: We’ve, we’ve seen an increase obviously in the unit market, as I mentioned earlier, monthly growth of 2.1%., that’s right, 2.1%. Median unit values now has, has increased from January was 824,764 to 844, 844.
16:14: I’ll double that up, it’s not, I’m not stuttering there, by the way.
16:17: So it’s, it’s, I mean, you look at those numbers, I’m just gonna have to quickly do that on top of my head.
16:21: There’s about $20,000 in the month for the median price for, for, units in Brisbane.
16:27: It is hard for people that are not on the ground to understand.
16:30: And, you know, for buyers that are putting in an offer, and we’re seeing this price growth on average of $20,000 a month at the median value, if you’re wondering whether to pay the extra $5000 or not, according to this data, that’s one week’s one week’s growth.
16:47: So, it is, it is tough to, to swallow that, but that, that’s the fact, based on the data that we’re providing for you, and this is totality data.
16:55: So the, the Brisbane unit market is performing.
16:58: Very strongly.
16:59: We are seeing some incredible numbers, some incredible results at auction, especially for some very basic two-bedroom units now exceeding that $1 million price point, because they’re very well located.
17:13: Who would have thought that we’d be talking about a 2-bedroom unit in Brisbane exceeding that $1 million threshold, but it is starting to happen in Brisbane, and we’re seeing it more and more as a lot of buyers fight it out, either under multiple offer or at Auction for quality products.
17:29: So, monthly, as I said, 2.1%, quarterly for units, 6%, and annual growth, 20.1%. And when we look at the, the gross yield sitting at 4% for units across Greater Brisbane, the, the gross return is still a lot higher than it is for houses, of course.
17:48: Sometimes those body corporate fees and other costs associated with holding a unit can eat into the net return, so it’s important to weigh up the numbers.
17:57: Considering all costs associated with holding the asset, but, generally, the return is, is certainly higher for units, when we’re looking at the capital growth and the rental return, or the yield return.
18:10: It’s experienced 25.3% overall annual return in the last 12 months.
18:15: So, that’s 5% higher, in total than the house market.
18:19: So for investors that were positioned in the unit market, they are those attached dwellings, units, and townhouses, they Definitely have still outperformed.
18:27: And the rental market, I mean, we, again, this, this part of the market is so tight, we’ve we’ve seen this consistently now for quite a while.
18:35: Vacancy rates in Greater Brisbane was recorded at 1% in January, well below the 3%, typically associated with that sort of market as well.
18:44: A balanced market at 3%.
18:46: So we did see that seasonal uptick in December where vacancy rates lifted to 1.2%. That’s now corrected, we’re back down into a.
18:55: 1%.
18:57: and house rents and unit rents have stabilized over the months, sitting still at an average annual growth rate of 6.3% for houses, and 6.8% for units.
19:09: So it’s still well above inflation, which means, you know, it does compound on affordability challenges for those that are relying on rental properties for housing.
19:19: It’s tough out there.
19:20: And as you touched on earlier, which I’ll just remind everyone, so gross yield, stable, 3.
19:24: 0.2% for houses and 4% for units, which is unchanged from last month.
19:29: Yeah, so, you know, I think that I mentioned before, the total housing commitments to property investors, sitting at 41.1% in Queensland.
19:40: Now, the decade average, just for some context, is 33% of finance commitments go to investors.
19:46: So we’ve definitely seen more property investor activity over the last 12 months in Queensland.
19:52: This elevated participation Also reflects continued confidence in markets around Queensland, including Brisbane, and of course, the rental fundamentals, and the ongoing prospects for returns in markets like Brisbane, as you’ve just heard, become very attractive for those property investors, and potentially that’s why we’ve seen those numbers escalate more recently.
20:13: Not surprisingly, obviously, the, the approvals for building, they are still very, very, very tight.
20:18: We’re we’re still not building enough, properties that we require, and I.
20:23: I believe approval’s lifted slightly, modestly as well, but obviously there’s that construction lag, which will take some time to catch up before we can actually produce those products to the market as well.
20:34: Yeah, so it is tough out there.
20:35: We don’t see any foreseeable change in supply.
20:39: You know, if interest rates were to escalate rapidly, we might see some people choose to list, but there’s so much buyer depth right now that it, I don’t think we’re gonna see any distressed selling in, in, in the near future, and I know we talked a lot about that in, You know, as interest rates started to escalate in the last cycle, and there was a lot of panic in the market about well what would this mean for property prices, but really nothing changed, and in fact, we saw those property prices continue to escalate after the initial shock that interest rates were in fact going up.
21:09: There’s a few things obviously in the market, and, and obviously we’re always affected by what happens, not just locally but around the world.
21:15: I guess there’s 3 things to probably,, keep an eye on and just keep things in the back of your mind, I suppose.
21:23: we do, we watch all these, so the three headwinds obviously firstly is what’s happening over in the Gulf area, in the war between the United States and Iran.
21:30: It is having an effect on, on some of our, the people through Dubai and Doha and all those areas, so I think that’s an area we really need to keep an eye on and see what that’ll have an effect on any Brisbane market as well.
21:43: Yeah, look, I think events like this, of course they can weigh very.
21:47: Heavily on consumer confidence, and it can have a flow through to Australian property sentiment.
21:53: So, it definitely deserves close attention at the time of the recording, which is early March right now.
22:01: You know, there, there is a lot of uncertainty in that geopolitical instability within the Gulf region.
22:06: So we are gonna be watching that very, very closely.
22:09: Secondly, there’s some political uncertainty that’s now been brought forward with the upcoming federal, Budget being announced in May, there’s been a lot of conversation around potential reform to negative gearing and capital gains tax concessions.
22:27: Now, I’ll make it very clear, nothing’s changed in regard to any policy in relation to negative gearing or capital gains tax.
22:36: But Treasury is understood to be modeling certain scenarios, so, again, this creates uncertainty for property investors.
22:46: Often see property investors wait for certainty before they make a big decision.
22:52: Personally, I feel that it would be political suicide to not grandfather any of the existing policies that may be in place.
23:00: So what we’re likely to see is that, you know, buyer demand might actually sit on the sidelines for property investors, until we get a level of certainty.
23:10: Then, depending on what is announced, if there are any changes, we might actually see a rush of.
23:15: Investors try to get into the market before any specific date is set, because it’s likely that any existing policy would be grandfathered.
23:24: Now, you know, I don’t have any inside word, that’s definitely not coming from anything other than my personal opinion, but I feel that anything other than that is likely to be political suicide.
23:35: It has been political suicide for so long now, they’ve talked about negative gearing from, wow, I can’t remember, probably the last time when the Liberal National Party.
23:45: Actually went into government because Labor talked about it then and Labor didn’t get elected.
23:49: So they’ve talked about it for so long.
23:51: I think, again, there’s so much we could talk about on this.
23:54: At the end of the day, your mum and dad investors provide shelter for people and that’s probably the biggest that is the biggest pool of landlords going around is your mum and dad investors.
24:03: So I think it’ll be a, as you say, it’s, it’ll be interesting to see what is proposed.
24:08: And then obviously from there what the impact it has, as you said, I think it could create a bit of a rush once it comes through because there are so many different things that are being talked about.
24:17: And again for us, we could talk about it forever, but it’s speculation because we don’t really know what they’re actually going to propose.
24:23: That’s exactly right.
24:24: And of course, I think the third headwind that is worth mentioning is the fact that we have seen the RBA.
24:31: Interest rates to 3.85% in February, it is likely and possible that there will be further rate hikes.
24:37: That does remain a very real possibility.
24:41: And of course, with every rate hike, it does erode purchasing power, and it can also impact very short-term confidence.
24:50: So, you know, I guess it’s that Warren Buffett theory, when, Others are greedy, be fearful, and when others are fearful, be greedy, but, did I?
25:00: There you go.
25:01: That’s very typical.
25:03: I think you know what I’m talking about.
25:06: Be greedy when others are fearful and fearful when others are greedy.
25:11: There you go.
25:12: again, there’s so many things to talk about through there, speculation on things.
25:17: Will interest rates go up?
25:18: What sort of impact will that have?
25:19: Look, I think with the inflation with what’s happening overseas, there’s and obviously the supply of oil, those sort of things that will have an impact on us.
25:27: So I think there’s a, there’s a good chance that it could.
25:30: When we bring it back to locally as again in a summary, supply and demand.
25:34: It comes down to we don’t have the supply here in Brisbane to match the demand.
25:39: So I think it’s gonna keep pressure on prices.
25:42: And I wouldn’t be surprised if our prices continue to perform really, really strong as well.
25:47: Yeah, look, despite all of those headwinds that we’ve just tackled, and we like to be really honest and provide a very even, you know, view of what our opinion is, the fact is we are at critical supply levels.
25:58: We do have very low listing volumes.
26:01: We’re not building enough homes for the volume of people that need either rental accommodation.
26:06: Or something to buy.
26:07: Even if we see investment buyers drop out of the market, when we’re in a market competing with, you know, 1015, 2030 other buyers on a single property, that market depth is such that there’s a lot of first time buyers competing for the same products that investors are competing for.
26:24: There’s a lot of downsizes, and upsizes, and right sizes competing for the same properties.
26:30: Just because.
26:30: Investors drop out of the market, it doesn’t stall the market, especially when a market is being driven a lot by owner-occupier activity.
26:38: And I think that we’ve presented enough evidence in today’s podcast to show you that we’ve got this, this influx of first time buyers coming into the market, and we’ve got strong demand in Brisbane through auction clearance rates, through the volume of buyers competing under multiple offer or at auction.
26:54: That even if investors do sit, sit on the sidelines for a while, there’s enough other buyers to sustain that ongoing price growth in a market that where we simply have not enough stock to buy, or not enough homes to purchase, to sustain or satisfy the demand that’s in the market, so, You know, I think on that basis, we will continue to see, not strong month on month price growth, but moderate month on month price growth.
27:19: Just before we do wrap things up, I do wanna sort of throw out, we’re a very small little community, I guess, in the real estate, and everyone knows everyone up here.
27:27: In Brisbane, I do want to put out our thoughts to the passing of Judy O’Dea as well this week, very sad, lovely person, and our thoughts are out with her, all her family and friends as well.
27:38: Ray Ray White Paddington Group.
27:40: So our thoughts are there and wrap it up there, and as usual, hopefully that’s been a lot of information.
27:46: I think we’ve thrown a lot of numbers, data.
27:49: Thoughts around, speculation, whatever it may be, so hopefully that’s been useful and everyone’s enjoyed the episode.
27:54: As usual, I’ll let Melinda wrap things up for myself, take care everyone, and, we’ll talk next time.
27:59: Thank you once again for joining us on the Brisbane Property Podcast.
28:02: We do hope you have enjoyed this episode.
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28:16: But until next week, or next time, we look forward to speaking with you again then.
28:20: Bye for now.