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 148 - Brisbane Property Market Update March 2023
EP 147 - Beware of buying new in Brisbane
EP 146 - Brisbane Auction Market Update with Justin Nickerson
EP 145 - Are building costs still blown out in Brisbane?
EP 144 - Brisbane Rental Market Update February 2023
EP 143 - Brisbane Market Update - February 2023
EP 142 - Why relying solely on property data can be misleading
EP 141 - Is Brisbane now in the same league as Sydney and Melbourne?
EP 140 - Brisbane Property Market Update January 2023
EP 139 - A Story from the Brisbane Floods with Rhys Howden
EP 138 Setting property goals for 2023 with David from Property Planning Australia
EP 137 - Major Brisbane infrastructure update
EP 136 - Structuring your Property Purchase with Beacon Accounting
EP 135 - Brisbane Property Market Update December 2022
EP 134 - 2022 year in review
EP 133 - Local Suburb Secrets - Alderley with Andrew Cowan
EP 132 - Brisbane Property Market Year in Review with Pete Wargent
EP 131 - Brisbane Property Market Update - November 2022
EP 130 - Brisbane Market Snapshot with Kent Lardner from Suburb Trends
EP 129 - Brisbane Auction Market Update with Justin Nickerson
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