The Brisbane property market continues to exhibit resilience and growth, standing out amid a national landscape of fluctuating real estate trends. In November 2024, Brisbane’s dwelling values rose by 0.6%, contributing to a quarterly growth of 1.8% and an impressive annual increase of 12.1%. This performance surpasses the combined capitals’ average annual growth of 5.4%, underscoring Brisbane’s robust market dynamics.
Housing Market Performance
Dwelling Values
Brisbane’s consistent growth is evident in its dwelling values, which have maintained an upward trajectory despite broader market softening. The 0.6% increase in November reflects sustained demand and limited supply, factors that continue to drive the market forward.
Unit Prices
Units have outperformed houses, with values rising by 0.8% in November and 2.7% over the quarter. Annual unit price growth reached 16.2%, highlighting the appeal of units for first-home buyers and investors seeking affordability and higher yields. The median unit price now stands at $677,810
Source: CoreLogic
Rental Market Dynamics
The rental market in Brisbane remains tight, with low vacancy rates contributing to upward pressure on rents. This environment favors investors, as strong rental demand coupled with limited supply supports rental income stability and growth.
Future Projections
The rental market in Brisbane remains tight, with low vacancy rates contributing to upward pressure on rents. This environment favors investors, as strong rental demand coupled with limited supply supports rental income stability and growth.
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Brisbane’s property market in November 2024 showcases resilience and growth, with notable increases in dwelling and unit values. The strong rental market further enhances its appeal to investors. Staying informed and seeking professional advice are crucial steps to capitalize on the opportunities within this vibrant market.
