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In this episode, Melinda and Scott unpack a big September for Brisbane.

You’ll hear about:

  • Brisbane’s outperformance: Why Brisbane continues to better Sydney and Melbourne on headline dwelling growth, and how unit markets here are the national stand-out.
  • Segment shifts: The lowest quartile led September quarter gains in Brisbane (+3.7% q/q), ahead of the middle (+3.2%) and top end (+2.6%).
  • Supply vs demand reality: Listings are thin while buyer enquiry is strong – we explain why that gap is pushing prices up and where it’s most intense.
  • Houses vs units: Houses rose +1.1% in September (Brisbane among the top three capitals for the month); units jumped +1.7% (up from +1.3% in August), +4.7% for the quarter and +12.4% year-on-year.
  • Rental market pulse: Vacancy edged to 1.0% (from 0.9%), but rents re-accelerated — houses +5.4% YoY, units +6.4% YoY. Gross yields: houses 3.4% (steady), units 4.3% (down slightly from 4.4%).
  • Prestige snapshot: Riverfront and blue-chip suburbs remain buoyant as limited premium stock meets downsizer and interstate demand.
  • Practical buyer takeaways: Why trying to “wait it out” can be costly (at a $1m price point, current monthly growth equates to ~$12k), and how local intel helps avoid bidding frenzies and target value.

Get a clear, street-level read on Brisbane right now – where competition is hottest, which segments are driving the gains, and how to position your next move with data and on-the-ground insight rather than headlines.

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Transcript

0:02: Hi everyone and welcome back to another episode of the Brisbane Property podcast with Scott and Melinda Jannison.
0:07: And we’ve got Market.
0:09: Yes, we love Market Update.
0:10: Well, I can say, honestly, hand on heart, I love Market Update podcast time, because it gives me the opportunity to help all of you, our listeners and our, viewers on YouTube, understand what is actually happening out there in the Brisbane property market as we unpack all of the data that’s come through over the last 4 weeks.
0:28: But more than that, we’re going to give you insights in terms of what’s happening on the ground, and our team.
0:33: Have seen a huge shift throughout the month of September.
0:36: So really excited to be able to bring you this update.
0:39: And before we jump into it, last week, Melinda and I attended the REIQ lift, conference, and big shout out to the people that come up and said hello to us, and said they love listening to the podcast.
0:50: So it’s, it’s always nice to, to run, and especially people that are in the business, in the industry of real estate, listening to the podcast and enjoying the content we put out, so.
1:00: Hopefully, yeah, we’ll continue to do that and make people enjoy the well not make them enjoy the podcast, but hopefully they continue to enjoy the podcast, so.
1:08: Interesting, Brisbane dwelling values, again, we’ve seen them go up again in the month of September.
1:15: Yeah, it’s not a surprise to us, obviously, being out and about on the ground throughout the month of September, we’ve seen that demand surge, especially in the affordable end of the market, off the back of the announcement of the first home buyer guarantee scheme.
1:30: So, What we’ve seen is, almost FOMO come back into the market at price points in the affordable end.
1:37: And that unit and townhouse market, especially in in inner city and, and middle ring locations, it really has become so competitive, but also housing markets in similar locations, there were reports across the month of one property on The north side of Brisbane with 54 offers on a single property.
1:57: our team have experienced multiple offer situations where in excess of 20 separate offers on an individual property have been reported.
2:06: so this is very competitive circumstances.
2:09: Now, at the same time, there’s also some properties that don’t get offers, and other properties that you turn up to an auction.
2:16: There’s no registered bidders.
2:17: So we are in a very mixed market right now, and unless you’re out and about on the ground to understand what is popular and why it’s popular and what’s not popular and why it’s not popular, you’ll really be, very confused about the current market here in Brisbane.
2:31: I, I think as you touched on that, and even some, some listeners might probably go, Oh, they’ve made up the numbers of the 50 for offers.
2:37: It’s actually real, you know, that, that sub 1.5, sub 1, especially, super, super competitive and.
2:46: And if you’re not here in Brisbane, it’s, it’s actually real, we are, we are going to properties where there are, If there’s under 10 offers on it, that we sometimes we’re we’re shocked, but you know, we’re, we’re talking sort of 18 to 20 to, you know, there was one that was 45, I know you said there was and there was one that was in the 50s, so that’s how competitive it is in certain parts of the market.
3:10: In locations, in certain locations, OK, so not across the board, across the board, but in certain locations at certain price points, that is the sort of activity we’re seeing as well.
3:20: And the other thing that’s coming through in the data, and, and it’s certainly what we’re seeing on the ground again, and this is specific to Brisbane, and that is that Brisbane units compared to all other capital city markets continue to be the standout performer.
3:34: So, Every other capital city market, has seen detached houses outperform units throughout 2025.
3:42: But here in Brisbane, we’ve bucked that national trend.
3:45: And in fact, for the 7th consecutive quarter, unit values have outpaced house values, and we’ve seen 1.7% lift across the month of September in units compared to 1.1% in growth for houses.
3:59: We’re gonna really unpack that in today’s episode as well.
4:02: We’ll go through all the numbers there as well.
4:03: , obviously, a lot of demand on that was the, the federal government’s decision to bring forward the first home buyer guarantee scheme.
4:10: Yeah, just for people that might not understand that.
4:13: There’s been a lot about this more recently, but what this has enabled, some buyers to do, is that first home buyers will enable eligible purchasers to buy with just a 5% deposit.
4:25: Now, for most people, if you are to buy with a 5% deposit in ordinary circumstances, you would be required to pay Lenders’ Mortgage Insurance, or what we, the acronym of which is LMI Insurance, which adds a significant sum to the loan balance, and that’s because of the risk of such a low deposit.
4:46: But with the federal government The government’s home loan guarantee scheme, instead of that buyer having to pay lenders’ mortgage insurance, the government guarantees the performance of that mortgage.
4:57: So it significantly reduces the upfront barrier for first home buyers.
5:01: Instead of saving for a higher deposit to avoid that lender’s mortgage insurance, they’re able to get into the market without, taking on the additional debt associated with lenders’ mortgage insurance.
5:13: Now, there are no income caps for first home buyers.
5:16: So regardless of how much income first home buyers are earning, they will be eligible.
5:21: What exists is price caps in certain locations.
5:24: Now, here in Brisbane, the price cap is up to $1 million.
5:29: Now that covers more than 90% of, across Greater Brisbane, if you’re looking in the attached dwelling segment, that’s the unit and townhouse market.
5:41: It’s far fewer locations if you’re looking in the house market or the detached dwelling segment.
5:46: So this is another reason why we’re potentially going to see some uplift in demand in that, attached dwelling segment or the unit and, apartment, market.
5:57: Now,, I will also say that when this was announced, we did see a huge surge in buyer demand even before it came into effect on the first of October.
6:08: And this was experienced throughout the months of September.
6:11: Remember, the data that we’re talking about today is the data reported at the end of September, but these are settled sales.
6:16: So in fact, these are contracts that were entered into, likely back in August.
6:22: So, When we get to the end of October and we’re we’re hearing what the, the data, is showing us for the month of October, these are the transactions that have happened in September, and we are expecting those to see a jump once again.
6:36: Yeah, definitely.
6:36: It’s an area that we’ve seen on the ground, a lot of demand and a lot of, I guess, I guess buying frenzy in a way it felt, it did feel like that when, as soon as it was announced, it felt like everyone wanted to get in before the first of October.
6:51: , now it’s just, it’s continued and everyone’s obviously the ones that can afford that, or eligible, I should say, for that, for that grant, that, that scheme, then they’re, they’re the ones that are in that market as well.
7:04: So again it puts more pressure on it.
7:06: , great for first time buyers if you think about it, because, you know, everyone talks about, oh, it’s really hard for the people these days to save that amount for the deposit.
7:14: Well, that gives them into that into that property market, but it’s, it’s a very, very tough market.
7:20: yeah, what you’re buying into as well.
7:22: Now let’s not underestimate the impact that any surge in demand could have on monetary policy.
7:28: That’s the.
7:29: Reserve Bank of Australia and what they’re likely to do in relation to interest rate movements.
7:35: So we know that throughout September, the cash rate did hold steady, and this is following the rate cut that we all experienced in August.
7:44: Now, if the first home buyer guarantee scheme does in fact have the stimulatory effect that we feel it may, the scheme.
7:53: The scheme itself could actually delay further rate cuts.
7:56: So this is something that the Reserve Bank will be monitoring very closely.
8:00: we certainly, think it could also have an inflationary effect.
8:04: And if not the scheme itself, just the, impact of the perception of more buyers coming into the market, as we experienced in September, we saw those, investors and other Buyers make decisions or fast track their decisions to get in before, the perceived surge in first home buyer activity.
8:25: Remember, for any first home buyers in the market, they still have to meet serviceability, requirements to get a loan.
8:32: So even though the deposit hurdle is reduced, they don’t have to save 20%.
8:37: They only have to save 5%.
8:40: They still need to show based on their income that they can service a loan.
8:43: And right now, with the rules from APRA in place, serviceability is being assessed at 3% above the current rate that’s being offered.
8:53: So, any new mortgage holders are being stretched.
8:56: Test, and that may actually, in fact, exclude otherwise, some first home buyers who could be eligible because they do still need to meet those servicing requirements.
9:07: Now, you, you being the king of data and numbers, Melinda, I’ll let you run through our listeners.
9:12: So, obviously, The economic fundamentals, so we, we saw consumer sentiment rose again in September as well.
9:18: Yeah, so this is the Westpac Melbourne Institute index.
9:22: it’s 12.8% higher than a year earlier.
9:25: So, it, it, the month of September itself actually fell away, and we’re likely to see that fall again throughout October, but annually, it’s increased.
9:35: So looking, on a 12-monthly basis.
9:38: Real wages are the thing that we’re watching quite closely.
9:42: they have increased 1.3% annually, and this is the strongest level since mid-2020.
9:48: So this is actually something that the Reserve Bank of Australia will be watching very closely because the labor market does remain very tight.
9:57: Unemployment rates are still, steady at 4.2% across the nation.
10:02: So,, economic growth itself has also surprised to the upside in the June quarter, so what this means is the economy is doing a little bit better than,, what the, the economists predicted or what was expected.
10:17: Household consumption, that increased 2% year on year against the RBA’s forecast of 1.5%. So what does this mean?
10:25: It simply means people have more surplus cash flow to go and spend money on consumer goods and services.
10:32: So, again, if we spend more money, this can have an inflationary effect, and these are all the things that impact monetary policy and Contribute to whether the Reserve Bank increases or decreases those interest rates.
10:43: So, obviously, these conditions all underpin, the policy maker’s decisions in terms of what they’re planning to do.
10:51: but they also influence ongoing housing demand in some way as well.
10:56: so this is what, the regulators, and the policymakers look at some of these indicators, in order to determine whether to tighten up that monetary policy or, in fact, But to loosen it a little, and that is in the form of interest rate movements.
11:10: And then obviously, Brisbane, when we’re talking about supply, it is the greatest challenge that we’ve got at the moment.
11:16: at the end of September, total advertised listings were around 31% below the long-term average.
11:23: and sales volumes, however, they continue to track above the average as well.
11:27: Yeah, so what does this mean?
11:28: It simply means that there’s more properties transacting, in this.
11:33: Particular period of time, compared to our long-term average.
11:36: So there’s more buyers purchasing properties, but at the same time, we’re 31% below our long-term average in terms of the number of properties that are available or listed for sale.
11:47: This excludes properties that don’t hit major real estate portals, so this does exclude those properties that are transacting off market, but the total volume of properties that is available for sale appears.
12:00: It is to be, much, much lower.
12:02: So it’s not just brand new listings that are coming to the market, that are being snapped up quickly, but also some of those stale listings or those older listings are also being purchased, and that’s why the supply is so tight right now across Brisbane.
12:16: Yeah, and the Prestige market, that, that’s very still remaining very strong, particularly in Brisbane, when you’ve got your riverfront, your blue chip suburbs.
12:24: so according to the Prestige property report, the spring edition.
12:27: , downsize the demand, interstate migration, and limited premium stock.
12:33: we’ve kept that activity quite buoyant.
12:36: Yeah, and again, it is, it’s the same story regardless of which market segment we are looking at.
12:42: stock or listing volumes remain the, the primary driver of price pressure.
12:47: And if we further break that down into the unit and townhouse market, you know, at the, the lift conference that Scott referenced at the beginning of this conference, we were fortunate to Listened to Tim Lawless, from the totality, and he actually stated, and showed us some information about the volume of listings in the unit market versus the house market across Brisbane.
13:10: And that, that unit market, which is experiencing much higher levels of growth, have much the, the volume of listings is much, much lower in that segment of the market compared to the housing market as well.
13:21: So these are All the indicators that make it really important to understand, understand the fundamentals of what’s happening in Brisbane before you’re making the purchase decisions.
13:30: So you know what competition you might be up against.
13:32: And as an investor, also, so you know what, the, the immediate or short term impact might be on, on property values.
13:41: So if we jump into some values, so we’ll start with dwelling values and Greater Brisbane, as I mention all the time to our listeners.
13:47: , so Brisbane median dwelling values reached $969,868 in September.
13:55: so that was a monthly growth of 1.2%, quarterly growth of 3.5%, and annual growth of 8.8%. And, we’re going to get more specific in terms of rankings, compared to other capital city markets when we break it down into the house market and the unit market, because it’s more relative, in my opinion.
14:13: , dwelling values just groups everything into one, and it can actually be a little bit misleading in terms of what’s happening in certain capital cities.
14:20: So, you know, at a dwelling value level, Brisbane does continue to outperform both Sydney and Melbourne.
14:27: but let’s break that down in the house market and the unit market so we can understand, you know, the performance in, in different cities in more detail.
14:33: So just before we jump into the houses, but the, when we talk about the segments of the market again, it’s again, it’s, it’s not a surprise at all when we talked about that.
14:42: And I mentioned earlier that under that 1.5 1 mil mark you talked about the unit and and townhouse segment being really, really competitive.
14:52: That bottom section is obviously the strongest as again this month as well.
14:56: Yes, that’s the case here in Brisbane, 3.7.
15:00: quarterly price movement in the most affordable segment of the market, that’s the lowest quartile or the lowest 25% of property values compared to 3.2% movement in the middle segment of the market and 2.6% quarterly movement in the top end of the market.
15:15: So,, the, the lowest quartile here in Brisbane being the strongest in terms of growth is actually in line with other capital city markets, including Perth and Adelaide.
15:25: So it does highlight that affordability led demand.
15:29: But in contrast, Sydney and Melbourne’s growth is concentrated in the middle market.
15:34: segments.
15:34: So we are not seeing the same patterns across all markets, and that’s actually a really interesting trend to observe, and something that we’re going to closely watch because, typically those, those segment movements are, are led by some of the larger capital cities and then the smaller capitals can follow.
15:51: So if we break it down now into the house values, so house values rose 1.1% in September.
15:57: Taking that quarterly growth to 3.3% and annual growth 8.1% with the new median value in Brisbane 162,109 dollars.
16:09: So if we compare that rate of growth in Brisbane in the market.
16:14: 1.1% throughout September to what we saw in August.
16:16: You may recall from last month’s episode that in August 1.2% was the house price growth here in Brisbane.
16:23: So that actually shows a, a very small slowdown in the rate of growth in the housing segment of the market here in Brisbane.
16:30: , what I will say though, in terms of how Brisbane’s performing against other capital city markets, we’re in the top three in terms of that house price growth for the month of September.
16:42: So we’ve got Hobart on 1.6% growth.
16:46: we’ve also got, Canberra on 2%.
16:49: I’m sorry, I’ve.
16:51: We’ve got Perth at 1.6%., we’ve got Darwin at 2% growth.
16:56: So these, other capital city markets, are still performing strongly, on a month by month basis.
17:04: looking at the annual changes, Brisbane’s sitting at 8.1%, and that’s in second place only behind Darwin.
17:12: 14.1%. 14.1% growth in the Darwin market, and of course it’s been a clear outperformer over the last 12 months.
17:19: Yeah.
17:20: , so, as I said, $1,62,109 median value there for Brisbane, and that was the housing.
17:28: So if we jump into the unit side of it, and as we’ve said so many times, it feels like this has gone on for quite a while, where the, the unit market has really outperformed.
17:36: , and again, it’s outperformed again, recording a 1.7% growth in September.
17:43: That’s up from 1.3% in August.
17:46: Big, big jump, quarterly growth for units.
17:49: And actually, I must say I’m not surprised that I think I.
17:52: tipped 1.8% when we were talking in the office.
17:54: We do have, we have little bets every month when the data’s released, and I ask all of the team, right, what, what have we seen, what do we think based on our on the ground observations in terms of price movements in the house market and the unit market and, We ask all of our buyers agents, all of our team members to submit their predictions, and then, then I’ll announce the true results to the team.
18:14: And it’s a great way to reconcile what we’re really seeing with what the, the data is showing us.
18:19: And more times than not, we’re, we’re pretty spot on in terms of the trends, in terms of which market’s outperforming the house market or the unit market.
18:26: The, the magnitude of our, our accuracy, we’re, we’re definitely not spot on in terms of, the rate of growth, but, we definitely are picking the trends.
18:36: Yeah, I, I, as I said, My bet was 1.8%, and not that I recommend betting and gamble responsibly, they say all that as well.
18:43: so any money on the table.
18:45: No money.
18:45: So yeah, as I said, 1.7%, August 1.3%, quarterly growth for units hit 4.7%, and an annual growth surge of 12.4%. Yeah, that’s huge.
18:57: And when we’re looking across all other capital city markets, Brisbane is well and truly ahead in terms of its annual growth performance in the unit markets.
19:07: So, you know, be careful about the headlines that you might be reading, regardless of where you’re reading them from, because if you have purchased a unit here in Brisbane in the last couple of years, your, assets performance will have outperformed the housing market, and that’s definitely not going to be the case in most other capital city markets.
19:25: So be careful of the headlines that you’re watching and where you’re getting your information from.
19:29: Here on the Brisbane Property Podcast, we’ll always give you the truth.
19:32: And just for those people, thinking about getting into the market.
19:37: Just one thing to consider, the median price now for a unit in Greater Brisbane is $755,0087.
19:46: OK, that’s the median price.
19:48: So if you’ve got a budget under that, you, you’re probably gonna struggle or you’re gonna have to compromise on something.
19:53: OK, so that’s just a tip for people that are thinking, oh, I could get into the market and look, it’s a, it’s a good strong market.
19:59: I think I still think there’s legs in the market as well, when you look at what they’re building them for, the replacement costs and things like that.
20:06: , but yeah, there’s a tip.
20:07: So 755,000 roughly is, is the median, well, is the median price for a, free unit in Greater Brisbane.
20:15: I’m just going to quickly state, although we haven’t, talked specifically to the prop track data, that all prop track data shows the same trend, in that the unit market has grown at a faster pace than the house market, but in both segments of the market, price growth has increased in Brisbane throughout September.
20:35: Now it’s not, I’m not gonna break any news here, when I go into the rental market.
20:41: again, extremely, extremely tight, vacancy rates, they edged up to 1% in September from 0.9% in August.
20:49: Yeah, but the big thing, to keep in mind is that once again, unfortunately for tenants, rental growth has accelerated across Brisbane.
21:00: So house rents annually have increased 5.4%. At the end of August, that was 5%.
21:07: So we are seeing a re-acceleration in that rate of annual price growth.
21:12: Unit rents are up 6.4% year on year, and this was 6.2% at the end of August.
21:19: So again, in the unit market, we’re seeing re-acceleration in the rate of rental price growth.
21:25: So it’s tough out there for tenants.
21:28: It’s, it’s a little bit, more rewarding in terms of income returns for landlords.
21:34: Let’s not forget that landlords also have seen a significant increase in their costs.
21:40: And the reason that rents are increasing is not because landlords are passing on their increased costs.
21:47: This is market demand.
21:48: It is driven by the fact that there is very low supply of rental properties, as evidenced by a 1% current rental vacancy rate.
21:58: we also have seen the breakdown of rental vacancy rates in the unit market compared to the house market.
22:04: Again, research from Totality presented by, Tim Lawless at the recent Lift conference.
22:10: The unit market also has a much lower vacancy rate than the house market across Greater Brisbane.
22:15: And this potentially is why we’re seeing the unit rents increase at a faster rate than house rents.
22:21: So these are all of the indicators from the data that we can pull to explain the story, explain what we’re seeing on the ground, and therefore give light to what we expect to see in the future.
22:33: Gross yields remain steady, so in houses 3.4%, that’s a, that’s a slight decline, and, oh sorry, sorry, in the units it’s a slight decline I should say.
22:44: So houses 3.4%, units it’s 4.3%, and that slight decline was August was 4.4%., it’s a modest decline, but obviously the, the push of and the affordability, the prices of properties going up is putting pressure on that gross yield side of things.
23:01: Yeah, so the yield, remember, is a, a, a percentage or a reflection of the income that an asset produces as a portion of its purchase price.
23:10: now Brisbane, long term and historically has been known for much more attractive yields and some of the larger capital city markets, but those Yields have been compressing, especially over the last 5 years, as the capital value of assets, that is the cost to buy into the markets has escalated so rapidly.
23:27: But we’ve also seen, especially in, the unit market, more so than the house market, but across all segments, we’ve seen this rapid acceleration in rents.
23:36: Now, this will be capped out in some areas because of affordability constraints.
23:41: We’re already seeing that that is Playing out on the ground in terms of rent stabilizing in some areas, but continuing to increase in other areas.
23:49: When we’re talking about, median yields or gross yields, we’re talking about that, that a reflection of the total market.
23:56: But we’ve constantly outspoken in this podcast about the fact that Brisbane is not a single property market, but we’re talking as if it is one when we’re talking to the whole data.
24:05: There are many micromarkets within Brisbane.
24:07: , and that is what local knowledge is able to extract and pull out for you to understand what’s happening at a local level in different segments of this large Brisbane property market.
24:18: So it was a bit of a summary, obviously, through September, Brisbane obviously stayed as one of the, one of the strongest capital cities in, in Australia.
24:26: , dwelling values grew as we talked about on the month, continued to grow, and units outperformed houses again, as, we probably thought they would.
24:35: Yeah, and of course, now we’re a couple of weeks into the first home buyer guarantee scheme being into effect.
24:42: It will be interesting to see how that impacts the market, especially throughout the next couple of months, as more and more first home buyers may Roll into the market.
24:52: and we’re not yet sure what impact that will have long term.
24:55: Is it going to be a short blip on a short-term change in demand, like we’ve experienced throughout September in, preparation for this legislation coming into effect, or is it going to sustain, much higher demand long term?
25:10: That’s, that’s a little bit of an unknown at this point in time, but, Look, everything’s under supply.
25:15: There’s not enough properties to buy in Brisbane.
25:17: There’s not enough properties to rent.
25:19: we’re in a really tight market, and we really need to see more properties built, and we need to see them built fast.
25:25: And unfortunately, that is just not happening.
25:28: So until that does, we’re going to continue to see price pressure.
25:32: And, and I think I think we’ll still continue to see that.
25:35: I mean, we’re, we’re coming up to, I, I talk about this all the time, we’re coming up to the warmer months.
25:39: We’re in October now.
25:41: I had to think about that for a while.
25:44: and you know, we’re sitting consistently in the, in the early 30s up here.
25:47: The days are absolutely beautiful.
25:49: Sounds like bragging.
25:50: You think it’s summer.
25:52: when we were in Canberra recently and, we were still wearing our puffer jackets, it was so cold.
25:56: That’s not bragging, but when we talk about the Broncos women and the Broncos men winning and the Lions winning, that’s a bit more bragging for Queenslanders, I think.
26:05: So just to rub that into all the people down south, the brains.
26:08: So, yeah, yeah, look, that’s been a bit of a summary.
26:11: As we said, you know, when you talk about the numbers, a million dollars next month, on the current rate, rate the way it is, that’s another $12,000 increase in a month.
26:20: Well, that’s based on the value growth.
26:23: If you got a $1 million unit budget, $17,000 in 4 weeks, let’s quantify these numbers.
26:30: This is across just a month, 4 weeks, and, as a buyer, you really need to be understanding.
26:35: This, this momentum in the market, otherwise you will continually fall behind the market.
26:41: And that’s where, obviously, a team of buyer’s agents like streamline property buyers can really help you to position yourself, to purchase sooner, because the longer you stay out of the market that’s shifting so rapidly, the more it’s likely to cost you long term.
26:55: My tip is, and I’m not betting on this one, but my tip is that, next month, we will be up again.
27:02: , from the activity we’re seeing on the ground.
27:05: I can’t see it changing.
27:06: I think there’s a lot more to go in this, and Brisbane will continue to grow.
27:10: We’ve got, we’ve got low low supply, high demand, and we’ve got everything that everyone wants to, to do.
27:16: They want to live in Queensland.
27:17: Why wouldn’t you?
27:19: Why?
27:19: OK, thank you very much for listening.
27:21: As usual, I will let Melinda wrap it up.
27:23: it’s been great talking to everyone again, and I will talk again next week.
27:26: Thanks very much.
27:27: Take care.
27:27: Bye for now.
27:28: Thank you once again for joining us on Brisbane Property Podcast.
27:31: We hope you have enjoyed this market update episode, and please share this content with friends and family.
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27:52: We hope you have a fabulous week once again, and we look forward to speaking with you again soon.
27:56: Bye for now.