Brisbane Property is unique and the Brisbane Property Market is not the same as other Property Markets around Australia. In this Podcast, we talk specifically about what is happening in the Brisbane Property Market, what things are unique to Brisbane when it comes to selecting property and how you can ensure you are making the best decision about buying a property in Brisbane. Learn more about us at www.streamlineproperty.com.au.
Episodes
Thursday Jul 20, 2023
Thursday Jul 20, 2023
In this episode of the Brisbane Property Podcast with hosts Melinda and Scott, we provide another concise Brisbane Property Market Update.
Brisbane property prices continue to rise for the fourth month in a row, led by detached houses outpacing unit market growth. Despite interest rate hikes and school holidays, the market remains strong, with buyers showing resilience.
Auction numbers remained stable, with a slight increase in registered bidders making bids.
Supply remains low, making it challenging for buyers to find properties to purchase.
Sellers are hesitant due to a lack of confidence in finding another property and a tight rental market.
Buyers are making compromises based on affordability, with Brisbane remaining affordable compared to other capitals. Brisbane dwelling values and house prices have increased consistently, while unit values reached a record high.
The rental market remains strong, with international demand and rising rents. The Brisbane market is resilient, and further price falls are unlikely.
Follow the Brisbane Property Podcast for more insights on the dynamic real estate landscape in Brisbane!
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