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 128 - Melinda and Scott’s Property Journey
EP 127 - Project Pipeline in Brisbane with Andrew Burke
EP 126 - Brisbane Property Market Update October 2022
EP 125 - Understanding the Brisbane property market right now
EP 124 - Talking finance with Chris Bates from Wealthful
EP 123 - Brisbane Property Market Update September 2022
EP 122 - It’s question and answer time!
EP 121 - Local Suburb Secrets - Grange
EP 120 - 7 mistakes to avoid when bidding at a Brisbane Auction
Ep 119 - The Journey of our Expat Client Sarah
Ep 118 - Brisbane Property Market Update - August 2022 with Eliza Owen Head of Research at CoreLogic
EP 117 - Talking through Brisbane property with Tarah and Adam from Activates Construction
Ep 116 - Financing update with Mark Trayner from STAC Capital
EP 115 - What you need to know about land tax changes in Queensland
EP 114 - Rental Market Update with Jonathan Bell
EP 113 - Brisbane Property Market Update - July 2022
EP 112 - Local Suburb Secrets - Camp Hill
EP 111 - Unpacking the 1,000 Assets Report with Mike Mortlock
EP 110 - The top 10 most in demand suburbs in Brisbane
EP 109 - Brisbane Property Market Update - June 2022
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