Scott and Melinda Jennison unpack the latest movements shaping the Brisbane property market in April 2026 and explore why values continue to rise despite growing global uncertainty.
In this episode, they discuss:
- How the Brisbane property market performed throughout April 2026
- Why values are continuing to rise across houses and units
- The impact of global economic uncertainty on buyer confidence
- What current supply levels are revealing about market conditions
- Differences emerging across price points and property types
- Why quality assets continue to outperform in Brisbane
- The importance of understanding the market at a suburb-by-suburb level
- Key insights for both investors and owner-occupiers navigating today’s market
Whether you are actively buying, investing or simply staying informed, this episode provides valuable market insights and practical commentary to help you make confident property decisions in 2026.
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Transcript
0:00: In the Brisbane Property podcast today, we go through a market update, and there’s a lot of headwinds happening around the world.
0:05: That’s right, but despite the headwinds that we are experiencing, the Brisbane market continued to grow in value across all price segments and all property types.
0:15: We’re going to provide a full market update in today’s episode.
0:18: Hi everyone, and welcome back to another episode of the Brisbane Property podcast with Scott and Melinda Jannison, and it’s April market update.
0:25: Yes, another market update.
0:26: I feel like every month these, Podcast episodes do come around very quickly, and it’s something that I do love to share with our audience, because I love taking a deep dive into the data.
0:38: And in fact, what we do as a team here at Streamlined Property Buyers, we have a little fun every time the, the totality data comes in, because we always want to understand how aligned our team are with what’s actually happened in the market.
0:51: And we ask our team members for their input in terms of how much they feel the market has shifted upward.
0:57: Or backward in the unit market and the house market across Brisbane, because remember we are seeing what’s happening on the ground and, and Scott, it’s generally pretty accurate in terms of the direction of the market and the magnitude of the growth.
1:09: I hope they’re fairly accurate because our team, the team do know Brisbane really, really well.
1:15: And, and it’s not, look, I, I think with everything, everything that’s happening in the world at the moment, whether it’s interest rates going up or changing, whether it’s government looking out to bring out the, The budget shortly and then obviously the Middle East conflict is happening as well.
1:32: I think there’s a lot of headwinds that are happening there but, Look, Brisbane’s been very, very resilient and and and still performing really, really well.
1:40: I’m not surprised at the numbers that we’re sort of seeing at the moment.
1:44: I, I did think it would probably ease off a little bit from the March market update.
1:48: April’s still pretty strong, don’t forget in that, apart from all the other things I just talked about, we also had Easter and we had school holidays.
1:56: It’s very true, yeah, very true, and in those times, some buyers do actually take a break because they are spending time with family, and they are potentially away, so that can also impact on buyer demand and buyer volume.
2:09: But structurally in Brisbane, we are still seeing that, that imbalance.
2:13: There are still, in many pockets of Brisbane, more buyers than there.
2:17: There are sellers, but we are also starting to hear and see in some pockets that listings are increasing, that’s new properties becoming available for sale, and in some areas, we’re starting to hear that investors have been listing and offloading, and potentially there’s not as many buyers in some markets as there are sellers.
2:38: So, when we do report on our market update, this is the median trends for all of Brisbane, all of Greater Brisbane, in fact, but that does.
2:46: Not necessarily imply that every suburb throughout Greater Brisbane is doing the same thing.
2:51: So please keep that in mind, even though we’re providing this general commentary at a median value level.
2:56: There are some nuances at a suburb level, and of course, that’s what a team like ours are across, and, and that’s the value that we add when people do partner with us.
3:05: I, I know that obviously you, you do a lot of research, a little bit more than me.
3:09: I won’t let too many secrets out to all our listeners, but Tim Lawless from Totality obviously put out some information about, Serviceability constraints, those sort of things weighing on, on the pressure and the demand.
3:20: Can you give a little bit more of an insight on that information that we’ve received?
3:23: Of course, well, obviously we’ve had two consecutive interest rate increases, and every time we see an interest rate increase, it actually puts more pressure on the household budget, because those that already hold a mortgage, obviously it increased their holding costs, but those that have not yet got a mortgage, perhaps they’re looking.
3:43: To purchase and buy into the market.
3:45: It does impact on their borrowing capacity.
3:48: That’s how much they can afford to borrow.
3:50: Remember, when we see interest rates increasing, anyone that’s going for a new loan is being assessed at 3% above the actual interest rate.
3:58: That is the buffer that has been put in place by APRA.
4:02: So, obviously, people are still being assessed at a stretched interest rate, which is great, because it does mean that if interest rates continue.
4:10: To rise.
4:11: We know based on when people’s loans, loans were written, that most people can still afford to pay off those, those principal and interest loans.
4:19: But, one thing I will say that is, between March and April, we’ve seen a moderation in the pace of growth.
4:25: Brisbane is still growing month on month, but the, the pace of that growth has started to slow.
4:31: Now, the other thing I’ll say about the April data, these are transactions that would have taken place in March, because We typically have that 30 day settlement period.
4:40: So, in March, we already had the geopolitical uncertainty unfolding in the Middle East.
4:47: So, these transactions now reflect some of that, I guess, concern that consumers have started to have, and, of course, we’ve seen the consumer confidence fall to record lows in, in this time period as well.
4:59: So, despite, despite all of those headwinds, we’re still seeing property prices escalate here in Britain.
5:05: Brisbane, which is quite surprising for many, especially if you’re, you’re sitting in Melbourne or even in Sydney, where prices are actually declining right now.
5:14: It’s not the same in Brisbane and, and some other locations which we will talk about in the podcast.
5:18: I was about to say the same thing.
5:20: Sydney, Melbourne compared to Brisbane, very different markets all over Australia, and we will touch on that a little bit further on.
5:26: Population growth, obviously that’s going to have an impact on it.
5:29: I mean, we’re still seeing migration, good numbers in migration.
5:33: But probably a little bit less.
5:34: Yeah, so basically, the September population data came out, this is up to the end of September, and we recorded here in Queensland, the smallest volume of interstate migration, net interstate migration, since June 2017.
5:51: So basically, fewer people are migrating to Southeast Queensland than we’ve seen just in recent years.
5:58: That said, Rather, part, part of the reason for that is likely due to the erosion in affordability.
6:04: Prices have escalated so rapidly here in Southeast Queensland, especially here in Brisbane over that time, so there’s no longer that, I guess, that median value advantage of people relocating, but, let’s face it, people are relocating for more reasons than affordability in property, and a lot of people are relocating for lifestyle.
6:25: So, Although that rate of interstate migration has eased slightly, Queensland is still attracting more arrivals than any other state, and only Victoria, Queensland, and Western Australia have recorded positive net interstate migration over the period.
6:41: So it is, it is a trend where that interstate migration is slowing, but it is still a positive net inflow into Queensland.
6:50: So more people are arriving.
6:51: Which means we need to find homes for these people to live in.
6:55: Why wouldn’t they want to come up here to beautiful Queensland too, by the way?
6:58: And for our sporting listeners with the Broncos winning and the Lions winning as well, why wouldn’t they want to jump on the back of that?
7:04: Olympic Games coming in, all those things, which are quite positive for Brisbane.
7:07: I, I am a bit pro Brisbane, I think, compared to a lot of other people.
7:11: Auction clearance rates, we did see auction clearance rates average out at about 55.18%. April, so still remaining above, you know, a year ago compared to totality data.
7:22: Clearance rates, obviously 55%.
7:25: That’s, that’s still not too bad, which it was in March as well.
7:28: When you mentioned clearance rates of 55%, what you’ve quoted there is the national clearance rate for April.
7:33: So, Brisbane’s sitting in line with the national average, which is quite unusual because generally Brisbane sits well below the national average.
7:40: So, we are outperforming that national.
7:43: trend here in Brisbane, but, of course, a lot of what we’re seeing on the ground when we are attending auctions is, there are a number of registered bidders turning up, but potentially, the bidding activity may not reach the level at which the vendors are prepared to sell.
8:00: And we are seeing a lot of properties pass in, and later enter a contract that is a conditional contract.
8:07: Now, remember here in Brisbane, the, Typical method of sale is still private treaty, whilst we’re seeing auction numbers start to increase compared to historic historical numbers, the, the most common method of sale, sale in Brisbane is still private treaties.
8:23: So many people can’t bid at auction under auction conditions, and therefore, if a property passes in, it’s likely, within days or weeks following that that does go under contract through a private treaty sale anyway.
8:35: And obviously listing numbers.
8:36: I mean, we’re still seeing low listing activity.
8:39: Obviously new listings, total listings, old listings.
8:42: Give us a rundown on that sort of things.
8:44: So what we saw throughout March, in fact, was listing volumes increasing, new listings that is.
8:51: However, it hasn’t yet made up for the significant shortfall year on year.
8:57: So new listings were actually up 2.9%. throughout March, and that was about 3% more than 12 months ago.
9:05: But when we look at total listings, that’s the total number of properties available for sale, compared to 12 months ago, we’re still down 15.4%. Although, month on month, we did see an increase of 6.3%. So, to cut a long story short, there are more properties.
9:24: Is available for sale month on month, but there’s still fewer properties available right now compared to 12 months ago, and certainly still fewer properties right now compared to our long-term trend here in Brisbane, and that’s the critical piece of information for people to take away.
9:42: We still have a structural undersupply, not enough properties to buy.
9:45: Yeah, I think those numbers, it’s when people look at those numbers and, And I know when you went through it there you sort of went through some lower percentages and then some higher percentages.
9:55: That’s, I think that’s the important part is to break it down from yes we might have a slight increase in in your listings, but in your overall trend we’re we are way, way below our our average listings as well.
10:07: So I think that’s the important part of it.
10:08: You know, when we look at older listings, for example, properties that have been on the market for more than 180 days, that fell by 1,446.
10:17: So it’s 1.6% from February, but it’s 18.2% more, less than a year ago.
10:24: And basically it means stale stock is actually still moving.
10:27: People are buying the properties that have been listed for a long period of time, so we’re not seeing those stale lists.
10:35: Increase in volume, we’re actually seeing those stale listings sell eventually, and perhaps they, that occurs when vendors’ expectations are not aligned with the market, and eventually they do meet the market.
10:46: Remembering though, we’re actually not seeing property prices fall.
10:51: So, this is a market where there’s a misalignment between the vendors who are the sellers, and the buyers in some segments and some property types within the market here in Brisbane.
11:01: So to add a little bit more pressure to that is, is construction and new dwellings.
11:06: I mean we are, we are still way, way, way low on, on dwellings as well.
11:11: I actually went through a drive in some outer northern sort of suburbs the other day and, I, I drove along and I saw all these new suburbs opening up and new dwellings getting built, and I thought, wow, we’re, when you look at that and you see what’s actually happening, but we’re so, so far behind on where we actually need these new properties.
11:26: Yeah, and I think that we’ve seen some new data come out this month from the Australian Bureau of Statistics, which actually talks about the average residential build costs, and that data has confirmed that those average costs have escalated.
11:42: Significantly over the last 12 months.
11:45: So, new build house costs rose 7.1% over the year nationally.
11:51: Townhouse costs increased 18.8%, and new apartment build costs rose 18.2%. So that’s at a national level.
12:00: But here in Queensland, specifically, house construction rose 1.8%. So that’s not a huge increase in costs.
12:09: Townhouse costs climbed 12.3% over the year.
12:13: But here’s the kicker, new apartment construction costs surged 18.5% here in Queensland.
12:22: So, the, the conversation that we’ve been having on this podcast for many months now around rising and escalating costs, especially for high-rise construction, that’s now being supported by the Australian Bureau of Statistic.
12:36: Statistic construction data.
12:38: The average cost here in Queensland to build an apartment now stands at $708,680 and that’s materially higher, according to the ABS, than in New South Wales, where the average cost of a high-rise apartment is $555,995 and in Victoria, it is $529,300.
13:02: And $80.
13:04: So that, of course, places enormous strain on project viability, here in Queensland, and certainly here in Brisbane.
13:13: And it puts enormous direct challenges in place in relation to us meeting the housing accord targets of 1.2 million homes over five years.
13:23: So you can see that it’s great to have a target, but the reality is delivering that product, there’s a cost.
13:29: Associated with doing so.
13:31: And here in Queensland, those cost blowouts have been significant, and they’re really delaying those projects being delivered.
13:37: I, I don’t think they’re going to really improve too fast either.
13:41: I think there’s a lot of pressure on that construction side of it, not just as we talk about with what’s happening worldwide, but also locally when we start to see new construction happening in major projects and major infrastructure, that’ll have a bit more of a strain on the, on the construction side of it as well, I think.
13:57: OK, let’s jump into some numbers.
13:58: Brisbane dwelling values, we did see an increase in, in the median dwelling values.
14:03: Obviously for new listeners, I’ve touched on this before, we talk about greater Brisbane here, so we jump in through dwellings, houses, units, and break it all down.
14:11: Dwelling values reached a median value of $1,116 180 dollars according to totality, so that’s a monthly growth of 1.2%. Yeah, so, last month in March, dwelling values in Brisbane moved 1.8%, so it is a moderation in the pace of growth.
14:29: However, on an annual basis, Brisbane has shifted 19.7% in terms of the, the median dwelling value change.
14:38: So that’s a really significant shift.
14:40: So yes, the pace of growth has slowed down.
14:43: Slightly.
14:44: However, we’re still growing at a very strong pace here in Brisbane.
14:48: So interestingly then over 10 years, and this is, this is the bit I’ll always like to break down a little bit, and when you bring this information to me, cause I will acknowledge that, that you bring all this data to us, when we do sort of see small bits of 1.2% and 1.4%, things like that.
15:05: I, we’re not a big believer of short-term investing, more long-term investing.
15:10: So if you look over 10 years, Brisbane dwelling values have risen 119.5%. And can I also add, this is totality data, Brisbane has seen the highest rate of, capital appreciation or price growth across all Australian capital city markets.
15:30: So, and according to the totality regional data, where it breaks it down by Queensland regional property, New South Wales regional property, Victorian regional property, Brisbane as a capital city.
15:40: Also beats all regions when broken down through the totality indexes.
15:45: So, that is actually a significant milestone for anyone who’s been a property investor in Brisbane over the last 10 years.
15:53: It has actually delivered the highest rates of return in terms of capital appreciation.
15:59: Now, of course, that’s not great for first home buyers, because it’s also become the You know, a much more expensive city for people trying to get into the market, so whilst it may benefit some, it doesn’t benefit others, and I’d like to sort of be, be honest in, in pointing that out.
16:18: just on that, when you look at that 10 year, growth side of things, actually I spoke to someone the other day who did say there are, A listener of the podcast, so shout out to Michelle, who, who’s a listener, and one of the comments that she said, which I totally agreed on, is we always say, we look back and say we should have bought more, I should’ve bought that or I should’ve, I, you know, I look at what we, where we are at the moment ourselves and say look, I wish we could have bought the whole street.
16:42: You know, people do look back at that and that 10 years, I think that is a massive, you know, 119.5%. It’s, it’s a big, big part of it as well.
16:51: That’s right.
16:52: Now let’s break down the quartiles, because of course we like to understand, well, which segments of the market are growing at the fastest rate.
16:58: Again, this is dwelling data, so we need to be mindful that a lot of units will fall in the most affordable part of the market.
17:05: But looking in the three months up to the end of March, we’ve seen the lowest 25% of property value.
17:12: Shift 6.4%. Now, that’s the same as we saw in the three months up to the end of February.
17:19: In the middle 50th percentile, we saw property values in Brisbane shift 5.7%. Now, that’s an acceleration from the three months to February, where we saw price growth of 5.5%. So that middle part of the market is growing a little bit faster.
17:36: Now, compared to the, or rather the acceleration, the momentum of growth is, is increasing, whereas at the, the lower end of the market, it, it’s still growing faster, but the momentum is being maintained.
17:47: And then in the upper quartile, the highest valued properties, 3.9% growth over the quarter to the end of March, up to the end of February, that was 3.9% growth.
17:58: So, Up to the end of February, that was 3.4% growth, so again, we’ve actually seen further acceleration in the most expensive properties in terms of the rate of growth, or the momentum of growth over the last quarter.
18:12: So just something to keep in mind, and something that we certainly watch in terms of not only what markets are growing, at what rates, but what markets are starting to show more price movement, momentum across those periods of time, because that’s what we like to follow.
18:28: housing.
18:29: So if we jump into the housing values, we’ve seen the median house value reach 1,222,906 in April.
18:37: That’s up from March, which was 1,207, 718, so monthly growth of 1.2%. So we’ve seen a slight deceleration there of 0.5% from March, which was 1.7%. So quarterly growth of 4.5%. Again, slight ease from 4.9%. So we’ve still really strong numbers there in the housing market.
19:03: Yeah, you’ve just quoted a lot of numbers and you lost, so I’m sure that you may have lost some of our, our listeners, and there are, there is a lot of data sitting in front of us.
19:11: So I guess just to summarize what Scott has said, yes, we’re still seeing that growth occur in the house market here in Brisbane.
19:19: The growth is not quite as, as, High as it was last month, but, 1.2%, if you’ve got a, a, you know, a dwelling that you’re buying for $1 million that’s still $12,000 of, price movement across a four-week period.
19:33: And when we look at the quarterly rate of growth, that’s 4.5%, so that’s a $45,000 change in price on a $1 million dollar asset, over a period of three months.
19:43: And it is good to sometimes quantify.
19:45: Those numbers, just to help people understand just how much is changing here in Brisbane.
19:50: Now, if I compare that to what’s happening in the likes of Sydney, in the last quarter, Sydney’s actually declined 1.4% in the house market.
20:01: In Melbourne, it’s declined 2.1% in the house market.
20:04: Now, again, we are just quoting median house values here.
20:09: so this is not necessarily what’s happening in every suburb across every city, this is what’s happening at a median value level.
20:15: So Brisbane, that, that median value shift across, across the quarter sitting at 4.5%. Yeah, I think that’s really important, and we, and we touched on that at the start about markets in different areas, and, and people do sometimes talk to us when they come from Sydney and Melbourne and say, oh, it’s a, you know, it’s a tough market, things are going down.
20:32: It’s very, very different in Brisbane, as you just touched on there.
20:36: we are, we are going up, where they have, they are declining.
20:40: And, you know, there’s other markets going up as well, and I, I’m very happy to point out that Perth is actually the house market that’s seen the most growth in terms of the quarterly price movement and also the monthly price movement, but Brisbane’s sitting in 2nd place behind.
20:54: Behind Perth, and again, two things that these markets have in common is that structural undersupply listing volumes are very low compared to long-term averages, and yet we still have this heightened demand in the market.
21:06: So there’s that, that structural imbalance that’s occurring.
21:08: And we did see a growth with Prop track as well, so that obviously aligns with the information we’re seeing through totality as well.
21:15: So unit values.
21:16: And again as we’ve talked about again this broken record comes in, we’ve seen units outperform housing as well, so I won’t throw too many numbers at everyone this time, how about that?
21:26: So monthly, 1.4% growth, quarterly 5.5% growth, and annually, 22.6%. So the median value for a unit in Brisbane at the moment.
21:39: Sits at 876,474.
21:42: I just want to highlight one thing you’ve said there in terms of the annual growth in the unit market in Brisbane, 22.6%. Compare that to the annual growth in the house market, 19.1%. So both segments of the market firing really strongly over the last 12 months, but units still outperforming.
21:59: Now that’s a very different story compared.
22:02: To the likes of Sydney and Melbourne.
22:04: In Melbourne, units moved over 12 months, 0.9%. So they didn’t, you know, even shift 1% in value.
22:11: In Sydney, units shifted 3.4%. So whatever national news headlines might be saying about the difference between house values and unit values, it’s irrelevant because it depends on which part of Australia they’re referencing.
22:25: Because here in Brisbane, the unit market has continued to outperform over the last 2 to 3 years compared to the house market.
22:32: And when we talk about that delivery of new construction in the high density market, it’s not feasible.
22:37: Prices have escalated so much more here in Queensland, compared to other markets.
22:41: It’s a, it’s a real market to watch, given our population growth, our demand for centrally located properties, our Demand for those locations where we’ve got those lifestyle precincts in and around employment hubs in transport corridors as well.
22:56: So, do not just assume that units will always underperform houses.
23:00: It’s so important to understand the nuances of local demand and supply drivers before you make those representations.
23:06: Yeah, again, Brisbane, very different to other capitals when it comes to the unit market, that’s for sure.
23:11: Rental market, and look, I don’t think you, you don’t have to be Einstein to know this one.
23:16: I think it’s, it is everywhere.
23:18: The rental market is very, very, very tight.
23:20: Yeah.
23:21: And again, we’re seeing it so tight here in, in Brisbane.
23:24: So 0.8% in March, unchanged from February.
23:28: It’s very tough to get a rental property.
23:30: Look, it is very tough for tenants, and of course that’s, that’s one of the concerns we have with the federal government potentially meddling with changes to negative gearing and capital gains tax.
23:42: Obviously we want to ensure that doesn’t have a material impact on property investors who here in Queensland supply up to 98% of housing to tenants that are not purchasing their own property.
23:55: And it’s not as simple as for every, you know, landlord or every property investor that doesn’t buy, a first home buyer gets into the market.
24:02: That’s not typically how it works, because a lot of people that do rent, don’t have the capacity to be able to have a deposit to purchase a property, and so they don’t automatically become home buyers just because a property investor doesn’t buy.
24:15: But if, if, if we’re not seeing as many people invest in property, we’re potentially shrinking that Apply for those tenants that need it, and potentially putting more strain on that already tight vacancy rate of 0.8%. Just for perspective, 3% is what’s considered a, a relatively neutral market, where there’s the, the right number of properties available for the tenants that are in the market.
24:38: So, anything less than that is considered a landlord’s market, where there will be upward pressure on rents, because there’s a, a lack of supply of rental properties.
24:46: Yeah, and that’s obviously.
24:48: Putting pressure on that rent growth, Brisbane came in in April at 6.5%, slightly easier than than March, which was 6.7%. 0, so that’s the house rent the house rent, yep, and then units, we saw, we saw that grow 6.4%. Annually, also softening from 6.7%. So that’s a unit rent price growth.
25:08: So both the unit market and the house market experiencing rental price growth that’s well above the general rate of inflation.
25:16: So tenants definitely would be feeling the pinch there, and that would be reflective of the constant supply demand imbalance in Brisbane for rental properties.
25:25: Gross yields, obviously then for for investment wise, so rosyields in Brisbane sitting on those numbers, investors held steady in April.
25:33: So housing returning 3.1% gross yields and units at 3.9%. Yeah, both unchanged from March as Scott has pointed out, but the interesting thing here is that Brisbane is no longer the capital city market that people are investing in for high income and high yields.
25:51: We don’t deliver the yields that we, Once did, and that’s simply because our property values have grown by nearly 120%, as you pointed out, Scott, earlier, over the last 10 years.
26:01: And whilst we’ve seen strong rental price growth as well, the capital values, that, that rate of growth, that pace of growth has outstripped the pace of growth in rents.
26:10: So that’s why yields have compressed.
26:12: Before we get into our summary, I just want to check, what episode number is this?
26:16: Episode 299.
26:18: So, look out for episode 300, which will be a Celebratory episode.
26:23: Imagine talking into the microphone for 300 episodes.
26:26: So this is the second to last one, and the next podcast we record will be number 300 300 coming up.
26:32: So keeping, keep your ears out and eyes out for that, and we’ll, we’ll bring on number 300 for everyone.
26:37: So a little bit of a summary, property market obviously still performing very, very strong here in Brisbane.
26:42: We’re, I, I, you know, I think there’s a lot of headwinds as we talked about.
26:46: So we’ve got the ongoing unrest in the Gulf, we’ve got some pressure on, Interest rates, we’ve got government looking to do budgets or whatever they’re looking to do.
26:55: So lots of things that are happening there, but I think in, in a summary from myself, I, I still think we’re seeing very strong appetite for property in Brisbane.
27:04: I, I think as a bit of a summary, I think we had this conversation the other day, we, we were talking about how it has softened a little bit.
27:12: And instead of getting maybe, and these are rough numbers we’re talking about here, not quoted, instead of getting like 50 groups through an open home we’re getting about 20 odd groups.
27:20: Instead of getting 15 offers on a moldy offer we’re getting about 5 thereabouts, so.
27:25: Like those numbers are still really, really strong, when you, when you look at it in a normal market.
27:29: So there’s still really strong numbers.
27:31: That’s with all this unrest happening and things like that, I think when things settle down, it’ll get busier again.
27:36: And can I just say, because I want to be clear with this statement, we don’t buy in all areas around Greater Brisbane, and we are hearing reports from others on the ground that there are very few people turning up to open homes.
27:53: That there’s more stock coming onto the market, that there is a flip, or an imbalance starting to happen, where there’s more sellers than buyers.
28:02: So, when we’re talking about the fact that the buyer volume has decreased, but there’s still more buyers than sellers, they’re in the areas that we’re very active in buying for our clients.
28:12: But in other areas of Greater Brisbane, we’re starting to see that trend reverse, where we’re seeing more properties come to the market, and we’re seeing fewer buyers.
28:21: That are, you know, turning up to those open homes and placing offers.
28:26: And so that may start to come through in days on market, indicators that start to trend higher, and certainly when we analyze this at a local suburb level, we will see those trends start to evolve in the coming months, which is exactly why, in many previous episodes on this podcast, we’ve talked about the fact that Brisbane’s not a single property market, and, and people need to be very aware of locations where affordability, Bites harder, especially in times when interest rates start to increase.
28:54: This is the exact environment that we’ve talked about and educated our listeners through over many years.
28:59: So, let’s see if what we have predicted plays out, because, you know, there’s definitely some areas that are exposed and some areas that are at risk in the event that interest rates do continue to rise in the future.
29:11: Just, just another one for our listeners.
29:13: If you, if you’re a local Brisbane person or you’re in Brisbane, just keep an eye out.
29:17: We are actually going to be holding a live event.
29:20: I think it’s going to be, I’m just waiting for the details to be all confirmed.
29:23: It’s probably Wednesday, the 3rd of June.
29:26: We will hold that event at night, and also put some details out.
29:30: There’ll be a panel there, we will talk about Brisbane, we’ll talk about investing, we’ll give you as much information as we possibly can.
29:36: It’s a free event, so we will advertise it a little bit more.
29:39: Keep an eye out for that.
29:40: Keep an eye on our socials, or head over to our website where there’ll be an opportunity to register yourself for that live.
29:47: Events.
29:47: So, if you are in Brisbane on or around the 3rd of June, that will be an event not to be missed, and it will be an opportunity to ask questions to Scott and I directly, and others who will be on that panel that will help to guide you in terms of what’s been happening on the ground and what’s likely to happen in the future, noting that we’ll have that certainty around the, the budget release at that time as well.
30:09: Yeah, it’s nice to, again, give that information to people like we try and do on the podcast.
30:13: That’s why we’re going to hold this event, just to, Put it out there to people to be able to come and chat and ask questions and talk about property with us.
30:20: Sounds good.
30:21: that’s the market update.
30:22: It all wrapped up.
30:23: So, look, hopefully that’s been good information again from me, as I normally say, I let Melinda wrap things up and close it out.
30:30: Take care, stay healthy, and from myself, we’ll talk again very soon.
30:34: Take care, bye for now.
30:35: Thanks again for joining us on this episode.
30:38: Number 299.
30:39: Of the Brisbane Property Podcast.
30:41: We hope you have enjoyed this market update, which we have summarized all of the data for April.
30:46: If you have enjoyed it, please subscribe to our YouTube channel, or leave us a review on your favorite podcast platform.
30:54: We love hearing from our audience.
30:56: So, until we record again, we hope you have a good couple of weeks, and we look forward to speaking with you again soon.
31:02: Bye for now.