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 188 - How Brisbane’s Market changed throughout 2023
EP 187 - Brisbane Property Market Update December 2023
EP 186 - Peaks and Valleys: Brisbane’s Property Market with Eliza Owen
EP 185 - Brisbane’s Top 10 Growth Suburbs
EP 184 - Your Winning Property Advisory Team with Bushy Martin
EP 183 - Brisbane Buyer’s Dilemma: Urgency, Opportunities, and Decisions
EP 182 - Brisbane Property Market Update November 2023
EP 181 - Gentrification in Brisbane with Professor Peter Koulizos
EP 180 - Building and Pest Inspection Risk in Brisbane
EP 179 - Rental Affordability with Kent Lardner
EP 177 - Designing your perfect Brisbane home - Interview with Tim Bennetton
EP 176 - What will your budget buy in Brisbane right now?
EP 175 - Safe as Houses Brisbane Property with Simon Pressley
EP 174 - Brisbane Property Market Update September 2023
EP 173 - Exclusive Insights from Property Investment Professionals of Australia
EP 172 - Tips for Buying in a Competitive Market
EP 171- A New Regional Plan for South East Queensland
EP 170 - Neil Salkow Reveals Why Independent Financial Advice is Key to Property Investment Success
EP 169 - Brisbane Property Market Update August 2023
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