It is time for another Brisbane Property Market Update. At the start of any new year, there are a lot of people deciding what their next move will be in relation to property. The Brisbane property market is experiencing positive growth in both the housing and unit markets, defying predictions from economists.
With Brisbane hosting the 2032 Olympics and Paralympics, the city is undergoing major infrastructure advancements, which will have lasting benefits for the economy.
In this month’s update, we talk through the fact that buyer activity is increasing, but listing volumes remain low. Population growth in Queensland has increased demand, and Brisbane’s median house price is more affordable compared to Sydney and Melbourne.
Rental markets are also tight, with no recovery in sight. Throughout March, dwelling values grew by 0.1%, with house values showing a small increase of 0.1%, while unit values increased 0.2% according to CoreLogic.
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Learn more about your hosts, Melinda and Scott Jennison at www.streamlineproperty.com.au