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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Ep 29 - Adding Value to Brisbane Properties - with Special Guest Fergus Reid
Ep 28 - Preparing your Brisbane Property for the Storm Season Ahead
Ep 27 - "Insider Secrets" for the Brisbane Suburb of Norman Park
Ep 26 - Property Improvements and Granny Flats - What you MUST Know
Ep 25 - Brisbane Property Market Update - October 2020
Ep 24 - Property Insights for Brisbane - with Special Guest Pete Wargent
Ep 23 - How Land Values across Greater Brisbane have Changed
Ep 22 - Finance Strategy - with Special Guest Jessica Peletier
Ep 21 - Brisbane Property Market Update - September 2020
Ep 20 - How Brisbane Became the City that it is Today
Ep 19 - The Knock-Down & Re-Build Strategy
Ep 18 - "Insider Secrets" for the Brisbane Suburb of Wooloowin
Ep 17 - Brisbane Property Market Update - August 2020
Ep 16 - Queensland Residential Contracts - with Special Guest Katie Richards
Ep 15 - Who Is Buying Brisbane Property During The Covid-19 Pandemic?
Ep 14 - Brisbane Rental Market Update - with Special Guest Jonathan Bell
Ep 13 - "Insider Secrets" for the Brisbane suburb of Bardon
Ep 12 - Brisbane Property Market Update - July 2020
Ep 11 - Beware Of The Property Spruiker
Ep 10 - Depreciation in Brisbane Properties - with Special Guest Mike Mortlock
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