In this episode, Scott and Melinda Jennison unpack the latest property listing data across Brisbane, suburb by suburb. Using insights from SQM Research and their local market expertise, they reveal which areas have the tightest supply and where buyers will find more choice.
You’ll learn:
- The top 10 Brisbane suburbs with the lowest and highest number of new listings
- How total listings and buyer demand intersect
- Where competition is strongest based on visits per property
- What this means for property buyers and investors heading into the next quarter
If you’re actively looking to buy in Brisbane or planning your next move, this episode will help you understand where supply is limited and how that might affect your strategy.
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Transcript
[00:00:00] Scott Jennison: This week on the Brisbane Property Podcast, we’ll share some listing numbers.
[00:00:04] Melinda Jennison: Yes, we’re going to be unpacking where there’s going to be a much higher volume of properties available for sale, giving buyers more choice. But also, in contrast, we’re going to look at where there’s very little to buy and where you might find there’s higher levels of competition. We hope you enjoy this episode.
[00:20:00] Announcer: Welcome to the Brisbane Property Podcast with your hosts, Melinda and Scott Jennison.
[00:25:00] Scott Jennison: Hi everyone and welcome back to another episode of the Brisbane Property Podcast with Scott and Melinda Jennison. And today we’re going to give you a bit of an understanding on listings in Brisbane.
[00:34:00] Melinda Jennison: Why does this matter, Scott? And welcome back, everybody. I’m going to get straight into it today because there’s so much data that we’re going to be sharing. Why does it matter? Because people in Brisbane want to know where it’s going to be the hardest to buy. And we also want to know where it’s going to be a bit easier. That is, where there’s nothing that’s being listed, where listings are so tight that you’re going to be fighting against other buyers. But also where there’s an abundance of listings, where you’re going to be able to choose from more properties. We talk about listings data at a Greater Brisbane level in our monthly update podcasts. Today, we’re breaking it down to postcode level. This is going to give you a much better snapshot view of where there’s more to choose from and where there’s not. We hope you enjoy this episode.
[01:19:00] Scott Jennison: This is all from SQM Research. And this has all been put together by Pauline in our team over in the Philippines. Thank you so much, Pauline.
[01:28:00] Melinda Jennison: Thank you, Pauline. We’re always ever so grateful. And Pauline knows just how much I love a good spreadsheet. And when Pauline spends sometimes hours and hours, or sometimes days, pulling together data at a suburb or postcode level for me in every location across Brisbane, it just gives me the opportunity to really analyse that data and then overlay what we find with what we know based on our local knowledge of an area. And I think that can be game-changing when you can really see those trends follow what you’re seeing on the ground. Because, of course, data is always retrospective. Thank you, Pauline. We’re ever so grateful that you continue to support us in this way and enable us to bring this valuable information to our audience.
[02:12:00] Scott Jennison: And to use, obviously, in-house here at Streamline Property Buyers. New listings. What we’ll do today is we’ll run through new listings, and we’re going to do a top 10, or tightest 10, I guess, if you want to call it that way. Total listings, and then we’ll go through the highest supply, so the highest listings, and we’ll run through that. Give you a little bit of an idea. We won’t go through all the numbers that we’ve got in front of us. It would take all day. But we’d look at things like visits per property, so whether it’s a two-bedroom, whether it’s a three-bedroom, whether it’s a four-bedroom property, and we can then marry that up with the listing numbers to see areas of demand and that as well.
[02:49:00] Melinda Jennison: I’m not going to give all of the secrets away in today’s episode because I think there’s another whole podcast in where is the greatest demand sitting here in Brisbane. And I think, actually, Scott, we can schedule that in in one of the upcoming episodes because, actually, historically speaking, they are one of the most popular episodes. We’ve recorded demand suburbs or the highest demand suburbs in Brisbane, I think on a couple of previous episodes on a in a couple of different time periods. I know people are wondering what is happening, where are the buyers, where is the demand? And I think that that is a topic for another podcast. Today, let’s focus on listings. Let’s focus on what’s actually available. We’ll give some hints as to where the demand might be sitting in certain locations, but we’re certainly not going to give all of the secrets away.
[03:35:00] Scott Jennison: If we look at the new listings, one of the tightest ones, Belmont. Belmont has four new listings. Now, this is under 30 days.
[03:46:00] Melinda Jennison: Correct. Yes. This data is from SQM Research. It’s data that was for, or relevant up to the end of April. Across the previous 30 days, Belmont had only four new properties listed. That meant four properties were listed over a period of 30 days. That’s pretty tight supply. If you are waiting to buy a property in Belmont, you’re going to be waiting a while with that sort of listing, with those listing numbers. However, if you’re looking at a four-bedroom house specifically in Belmont, you’re going to be waiting a lot longer because that’s where the highest level of demand sits, based on the visits per property. Four-bedroom houses, if you’re fighting for for one of those in a location like Belmont where there’s only four properties that have become available in the last 30 days, you might be waiting a while. Or it might be an indication that you might have to pay more because it’s going to be high competition.
[04:41:00] Scott Jennison: The next suburb we’ve got here is Rocklea. Again, Rocklea, only four new listings. Now, keep in mind, Rocklea is a very, very small suburb, and there’s quite a bit of area in Rocklea that’s flood-affected, I should say.
[04:54:00] Melinda Jennison: It is. And that’s a good time to point out that these numbers are raw numbers. We’re not looking at the percentage of listings available based on the number of properties that are located within that suburb. That would be probably a better way to analyse this information. But we know, based on clients that we represent, that there are some people that will only specifically be looking in a certain suburb. And so the actual numbers become relevant for people like that. When there’s only four properties that are available for sale in a particular suburb over a 30-day period, that is new listings that come to the market, at a time where you’ve got four buyers, that would indicate that, you know, potentially, there’s one property for each of those buyers. But if you’ve got hundreds of buyers in those suburbs, there’s a lot of competition. If you were in Rocklea, you’d be looking for a four-bedroom house as well, because that’s where the demand is sitting in terms of the the highest volume of buyers visiting those real estate listings per property.
[05:54:00] Scott Jennison: Coopers Plains comes in next, and Coopers Plains had five new listings in the in the month.
[05:59:00] Melinda Jennison: That’s right. And three-bedroom properties are the property of choice in that particular location.
[06:04:00] Scott Jennison: Riverview comes in next. Now, Riverview is in the Ipswich area, and Riverview had eight new listings.
[06:11:00] Melinda Jennison: In the previous 30 days. That’s right. Three-bedroom homes also the most popular property type according to demand in Riverview. Keep that in mind if that’s the sort of property that you’re looking for in that location. And this can also help you to understand, is there an opportunity to buy cheap? Is there an opportunity to to pick up a bargain when listings are this tight and and demand is that high? That’s a question for you to answer. I know that there’s a lot of misinformation out there about buying under market value. When you’ve got a a market where there’s very tight supply at a time where you’ve got strong buyer demand, it doesn’t often happen, especially if there’s multiple registered bidders at auction or you’re in a multiple offer scenario. But as I said, there’s a lot of misinformation out there on the internet and social media.
[07:01:00] Scott Jennison: The next area is still out in the west. It is Darra. And Darra had nine new listings.
[07:06:00] Melinda Jennison: And Darra, the most popular property type is the three-bedroom homes as well. What’s interesting, next on the list is Sinnamon Park. Sinnamon Park, 10 new listings over the last 30 days. And in Sinnamon Park, you’d be looking for a four-bedroom property also in the Brisbane City Council region. And in fact, looking at the top 10 of the tightest supply for new listings, we’ve actually got seven suburbs that are in the Brisbane City Council region. It tells me that locations closer to the Brisbane CBD have fewer properties available for sale or coming, becoming available for sale, certainly in the last month. In general, that is the trend that we’ve observed.
[07:47:00] Scott Jennison: And the next one, which is the closest to the CBD, is Annerley. And Annerley had 11 new listings.
[07:53:00] Melinda Jennison: Yes, but in terms of the demand in Annerley, significantly higher than all other suburbs on this top 10 list. That’s also an indication of potentially which direction those prices might be moving. Four-bedroom homes, the most popular. More than 1,000 views per listing. So with only 11 properties becoming available across the whole suburb, and they they’ll be properties of all sizes, with more than 1,000 people looking for four-bedroom homes in that location, there could definitely be some disappointed buyers if they’re they’re waiting to get into that market.
[08:28:00] Scott Jennison: There’s definitely a trend when you see that demand, obviously, a demand area getting closer to the city as well. Algester comes in next with 12 new listings.
[08:38:00] Melinda Jennison: Yes, Algester, again, a four-bedroom property is the most in-demand property type. Moving down to Logan now, in number nine position for new listings, only 12 new listings in the last 30 days in Underwood. That’s a suburb in Logan. And in that suburb, four-bedroom homes are the property of choice according to buyers looking on those real estate listings as well, with an average of 533 views per listing.
[09:03:00] Scott Jennison: And wrapping it up, we’ve got in the Moreton Bay Area, Rothwell, 13 new listings. As we’ve gone through, you can see from Belmont, which was four, down to number 10, which is Rothwell with 13 new listings. Pretty tight supply.
[09:16:00] Melinda Jennison: Really tight supply at a time where you’ve got this elevated or heightened buyer demand. If we see interest rates get cut, if that does trigger more buyer demand, it’s areas like these where there’s really limited supply that are likely to see higher levels of competition. And that’s why we really wanted to create this podcast episode and break it down by postcode or suburb so that listeners can get an understanding of where there’s going to be more competition and and where there’s potentially less competition in the market across Greater Brisbane.
[09:45:00] Scott Jennison: That first lot, as I mentioned earlier, that is new listings. Now, what we’ll do is we’ll do the 10, the tightest supply, I guess we’re going to call it, with total listings. Total listings in the Ipswich area, we’ve got Riverview, 14 total listings. Riverview was in that top area with new listings of eight. So 14 total listings.
[10:06:00] Melinda Jennison: Interesting that we’ve only got 14 properties in total available for sale across all timelines. This is not just now in the last 30 days. This is what’s available for sale. So it includes properties that are over 180 days on market. This is really tight supply, really not a lot to buy in this location. If you’re looking for a three-bedroom house in Riverview, when there’s only 14 to choose from online available for sale, you’re competing, on average, with 467 other buyers if you’re looking for a three-bedroom house. Really competitive market for the the low volume of listings that exist.
[10:47:00] Scott Jennison: Next one is Rocklea. It was in the in the top area as well. So 16 total listings for Rocklea, and there was four, as I mentioned earlier, in the new listings.
[10:55:00] Melinda Jennison: And as I said, it’s four-bedroom homes there that are more popular. Belmont in Brisbane, 17 listings in total in the last, sorry, available online. And you you’d be looking at the most competitive segment of market being the four-bedroom homes there.
[11:11:00] Scott Jennison: Next one is Eatons Hill. I’ve got a fair idea what sort of homes you’re going to buy in Eatons Hill or what people are going to be looking for. Tend to be a little bit bigger homes out there. Moreton Bay Area, Eatons Hill, and there was 20 new total listings. And obviously, and then new listings, because it wasn’t in the top section, there was 13. So 20 total listings in Eatons Hill.
[11:30:00] Melinda Jennison: Interesting with 13 new listings in the last 30 days, and only 20 available on market, it suggests that the market absorption rate is high. That’s another term that we use when properties are selling within 30 to 60 days. That’s the absorption rate. And they’re not sitting on the market for a long period of time and hitting that old stock section. Yes, four-bedroom homes, definitely the most in-demand property type in Eatons Hill.
[11:54:00] Scott Jennison: And the next one is Bald Hills. Bald Hills had 20, has got 24 total listings.
[11:59:00] Melinda Jennison: Yes, four-bedroom homes in Bald Hills are more popular than three-bedroom homes as well. Back in Brisbane, but southwest now, we are with Darra. Darra was also on the top 10 list for new listings. It’s on the top 10 list for old listings or total listings as well, with only 25 properties available for sale across Darra. And we’ve got, for three-bedroom homes, being the most popular product in that location.
[12:26:00] Scott Jennison: Salisbury was the next one. Salisbury, 27 total listings.
[12:30:00] Melinda Jennison: Yeah, and four-bedroom homes, more popular in terms of buyer demand in that location. Still in Brisbane, Coopers Plains, 28 total listings. Coopers Plains, the most popular product is three-bedroom homes. Apologies that I’m using the word product, I should say property type. Homes are not products. It’s just my my data terminology coming out. In fact, four-bedroom homes are also fairly popular as well, but it’s three-bedroom homes that are the most popular in terms of the average views per listing.
[13:02:00] Scott Jennison: And four-bedroom homes are the most popular for the next one, and that’s in Sinnamon Park, which we did touch on earlier. Sinnamon Park, total listings, 28.
[13:09:00] Melinda Jennison: Keperra, next on the list in number eight position, 30 total listings in the suburb of Keperra. Four-bedroom homes more popular than three-bedroom homes in that location as well.
[13:20:00] Scott Jennison: Northgate is the next one. A little bit bigger homes in the Northgate area. This is local knowledge coming out here. Total listings of 30 in Northgate.
[13:28:00] Melinda Jennison: More popular also for buyers looking for four-bedroom homes in Northgate as well. So that’s where the demand is sitting in that location. And in number 10 on the list of the suburbs that have the tightest supply, we’ve got Moreton Bay suburb, Arana Hills, total of 30 listings on the market over the last, according at the end of April. And you’d be looking for a three-bedroom home if you are looking for the highest segment of the market, the highest demand segment of the market there. I will say what’s interesting about the total listings, the suburbs with the tightest supply, seven of the top 10 are also within the Brisbane City Council region, with the remaining one in Ipswich and two in Moreton. That’s an interesting trend. So both the tightest supply for new listings and total listings, the majority of those suburbs are located in the Brisbane City Council region. And what will be interesting, which we’ll share with you now, is that completely flips when it comes to the highest supply. When we talk about supply and we talk about listing volumes at a Greater Brisbane level, we’re not making that granular. We’re not breaking that down into different city council regions, nor are we breaking that down into locations like suburbs or postcodes. But that’s the purpose of today’s podcast because it’s going to help you understand where it’s going to be harder to buy and where it’s going to be a little bit easier to buy simply based on the availability of homes on market.
[14:58:00] Scott Jennison: If we look at new listings, and this is the highest supply, so we’ll go the opposite way now, highest supply for new listings. And at the top is postcode 4207, which is Logan Village, 294 properties.
[15:12:00] Melinda Jennison: Yeah, in the last 30 days, 294 properties became available for sale. So compare that with the tightest supply market where we had four. Huge, huge difference. Now, four-bedroom homes are the most popular. If you’re looking for two or three-bedroom properties in Logan Village, there’s really not a lot of supply whatsoever. Be very cautious about product type when you’re you’re looking in this location.
[15:35:00] Scott Jennison: Next on the list, we’ve got postcode 4300. This is in the Ipswich region. It does pick up a few suburbs, including Gailes, sorry, Goodna, Springfield, Springfield Lakes. 196 properties became available for sale just in the last 30 days in these locations.
[15:55:00] Melinda Jennison: Most popular product type, four-bedroom homes in Springfield Lakes. Not a surprise, given the demographic and the population that that live in that particular location.
[16:05:00] Scott Jennison: The next one is 4305. Now, I always say this wrong. It’s Brassall. Brassall, which is in the Ipswich area. So East Ipswich, Ipswich, North Ipswich, and Raceview, 149 new properties available.
[16:20:00] Melinda Jennison: That’s right, in the last 30 days. So a couple of higher demand parts of the market there, East Ipswich, three-bedroom homes, a lot of people looking for that product type. North Ipswich, three-bedroom homes as well. Again, we’re going to touch on demand in a future episode rather than combining all of the data in one episode today.
[16:41:00] Scott Jennison: We’re coming back into the Brisbane City Council region now. So next property or next location on the list is postcode 4006. That includes Fortitude Valley and Herston. Now, this is an inner-city location, a lot of high-density units, especially in the Fortitude Valley area. 131 properties became available for sale just in the last 30 days across these suburbs.
[17:08:00] Scott Jennison: Next one is 4500. So it’s in the Moreton Bay area, 127 new properties there. Cashmere, Bray Park, Brendale, Strathpine, and Warner.
[17:19:00] Melinda Jennison: That’s right. Definitely, if you were looking in Strathpine, you’d be looking at three-bedroom homes. However, if you’re shifting across to Warner, you’d be looking at four-bedroom homes if you’re wanting to target the demographic of the property type that’s going to appeal to the majority of buyers as an investor. But obviously, that’s going to be the most competitive segment of the market. So if you are a buyer in that segment of the market, you can expect much higher levels of competition.
[17:44:00] Scott Jennison: And the next area which was in the new listings top 10, with 419 total listings is postcode 4300, which was Gailes, Goodna, Springfield, and Springfield Lakes.
[17:54:00] Melinda Jennison: Yes, Goodna, the four-bedroom homes more popular, and Springfield Lakes, as I mentioned previously, four-bedroom homes also more popular there.
[18:02:00] Scott Jennison: Next area also in Ipswich, Scott.
[18:04:00] Scott Jennison: 4305, 332, again, this area was in the in the last listings of new listings with 149 new listings, 332 total listings. And that’s Brassall, East Ipswich, Ipswich, North Ipswich, and Raceview.
[18:23:00] Melinda Jennison: And obviously, we’ve already talked about where the demand sits in some of these suburbs, so we won’t repeat that in this episode or in this instance. The next one on the list, postcode 4101, it includes Highgate Hill and West End. Again, high-density locations closer into the Brisbane CBD. Three-bedroom properties, the most popular product type, typically, a lot of unit development in these locations as well, which is possibly why the demand is shifting away from four-bed to three-bed. But interestingly, a lot of two-bed product in these locations. So again, understanding not just what’s coming to the market, but what’s available within the market can make a big difference as well. And that’s where local data and local knowledge can can really set you apart from other buyers.
[19:11:00] Scott Jennison: Yeah, that area is just on the south side of the city. And there is a there is a bit more high density in there. It’s up near Musgrave Pool there where I swim every morning. So know the area quite well. The next area is postcode 4503, Griffin, Kallangur, Dakabin, Murrumba Downs, which we mentioned earlier, had 110 new listings. It also has got 276 total listings.
[19:33:00] Melinda Jennison: We’ll move on to postcode 4152. That’s going to include Camp Hill, Carina, Carina Heights, and Carindale. We discussed these areas earlier. A total listing volume of 258. So again, more choice for buyers across these suburbs. It might not be uniform across all suburbs, and obviously, that’s where you’d just need to do a search by a specific suburb or get out and about and see what that buyer depth might be because there’s going to be more buyers if there’s there’s limited stock.
[20:02:00] Scott Jennison: And wrapping it up is postcode 4301, Collingwood Park and Redbank, 250 total listings in those.
[20:10:00] Melinda Jennison: Yeah, and Collingwood Park every day of the week, the highest demand is sitting in four-bedroom homes. Not much demand at all in Redbank, but still four-bedroom homes more popular. Only 143 people looking at four-bedroom homes per listing in Redbank compared to Collingwood Park over 1,000 people per listing. So you can see the demand shifts between suburbs and how significant that could be. In terms of the highest levels of supply for total listings, we’ve got four of the top 10 postcodes being located within the Brisbane City Council region. Of those, the majority are the higher-density locations where you’ve got high-density units, including that West End precinct, and also the the inner-city precinct and also the Fortitude Valley precinct. So keep that in mind if you are looking for that product type. There’s a lot of other properties that are going to be available. So more choice for you as a buyer.
[21:07:00] Scott Jennison: That’s a little bit of a wrap-up on new listings and total listings to help you understand the supply side of things. A little bit of demand, but we will touch on a little of that maybe in another podcast, as Melinda mentioned. Always very popular. Help you understand that demand, because it’s all about that supply and demand on property as well. Hopefully, that’s been good information. I’m sure that everyone had their pen and paper out ready to collect all those numbers. Maybe we’ll be doing an exam in a couple of weeks to see who actually listened on on the podcast and took notes. It’s been great talking. I will let Melinda wrap things up. Thanks very much for listening. Take care, and bye for now.
[21:41:00] Melinda Jennison: Thank you for joining us once again on this Brisbane Property Podcast episode. We hope you’ve enjoyed the data that we’ve shared with you today. Big shout out once again to Pauline for collating all of that within the spreadsheets for me to analyse and report to you on this podcast episode. As always, we would love for you to leave a review on our podcast or at the very least, hit subscribe so you don’t miss any future episodes. We look forward to speaking with you again next week. Until then, bye for now.