Welcome to another exciting episode of the Brisbane Property Podcast! In this edition, hosts Melinda and Scott Jennison will provide you with a comprehensive update on the ever-evolving Brisbane Property Market.
In September, Brisbane's property market continued to exhibit remarkable strength. We'll explore the significant growth in both houses and units, with house prices in Brisbane rising by 1.4%, reaching a median value of $848,680. The story for units is equally promising, with a 1.1% increase in September, bringing the median value to $539,169. We'll discuss how units have displayed resilience, particularly in terms of rental price growth, despite moderated growth rates over the quarter.
Our episode won't be complete without shining a light on the rental market in Brisbane. Vacancy rates have consistently remained low, dropping from 1% in July to 0.9% in August and back up to 1% in September. However, we'll explore the intriguing phenomenon of rental price growth slowing down, as houses recorded an annual increase of 6.4%, down from 11.2% earlier this year. Meanwhile, unit rents have shown a robust rise of 14% over the past year.
As we step into October, our episode forecasts the Brisbane property market's future heights in the coming weeks. We'll discuss the ongoing rapid rise in prices and the fierce competition among buyers, emphasizing the need for quick transactions. For sellers, this could be the perfect time to list, with a multitude of eager buyers actively contributing to the upward pressure on prices.
In summary, Brisbane's property market is on an upswing, driven by factors such as strong migration, tight rental markets, and housing shortages. Join us as we navigate these trends and provide you with expert insights into what lies ahead for Brisbane's property market in the near future. Don't miss out – hit that play button now!
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Unveiling Brisbane's Inner North with Matthew Jabs | Ep 206 Brisbane Property Podcast
EP 205 : Exploring Q1 2024 Dynamics in Brisbane's Auction Market with Justin Nickerson
EP 204 - Brisbane Market Update March 2024 | Brisbane Median House Prices Surpass $900K
EP 203 - How accurate are Automatic Valuation Reports? Research Revealed
EP 202 - Which Suburbs maintain their resident numbers over time?
EP 201 - Property Planning for the Future with Ben Cutting
EP 200 - Brisbane Investments: Balancing Risk and Opportunity
EP 199 - Brisbane Property Update March 2024
EP 198 - Q & A with Scott & Melinda
EP 197 Where are listings tightest across Brisbane?
EP 196 - Major Contract Concerns with Kat Beavon from REIQ
EP 195 - Brisbane Property Market Update February 2024
EP 194 - Brisbane's Thriving Suburbs over Three Decades
EP 193 - Highest Crime Suburbs in Brisbane
EP 192 - Brisbane Project Pipeline with Andrew Burke
EP 191 - Brisbane Property Market Update January 2024
EP 190 - The Best of the Best Suburbs in Brisbane
EP 189 - 2024 Predictions for the Brisbane Property Market
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