Brisbane Housing Market Update [video] | August 2021

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The rate of growth across the Brisbane housing market has held firmer relative to the larger capital cities.



Where there is some evidence that growth in housing values has slowed the reduction is nowhere near as sharp as Sydney or Melbourne.

Similar to most regions around the country, house values are rising at a faster pace than unit values with an annual growth rate of 17.7% for houses and 7.0% for units.

The outlook for Brisbane is looking more positive though, with a strong demographic trend fuelled by interstate migration, a large infrastructure budget, and a burgeoning level of excitement following the announcement that Brisbane would host the 2032 Olympic games.

It’s likely the strong market fundamentals along with a lower price point and higher yield than larger capitals will be attractive to investors going forward.

Similarly, popular areas of the Gold Coast and Sunshine Coast have enjoyed strong demand considering the increased flexibility of being able to work from home and commuting to the big smoke less frequently.

At the same time, property investor activity has been strong, particularly for houses, not only coming from locals but from interstate investors who see strong upside in Brisbane property prices as well as favourable rental returns.

However, there is not one Queensland property market, nor one south-east Queensland property market, and different locations are performing differently and are likely to continue to do so.

Houses remain a firm favourite of prospective home hunters, with demand rising post-lockdown and it remains significantly elevated compared to last year.

However, apartment demand has been sliding and, in general, apartments in Queensland are a higher risk investment than houses, particularly due to a high supply of apartments that are unsuitable for families or owner-occupiers.

In summary…

Brisbane is likely to be one of the best performing property markets over the next few years, but while some locations in Brisbane have strong growth potential, and the right properties in these locations will make great long-term investments, certain submarkets should be avoided like the plague.

You may also want to read:

National Housing Market Update [Video] 

Perth Housing Market Update [Video]

Adelaide Housing Market Update [Video]