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 108 - Finance Strategy with Stephen Mitchell
EP 107 - Will Property prices fall in Brisbane?
EP 106 - Local Suburb Secrets - Wilston
EP 105 - Brisbane Property Market Update - May 2022
EP 104 - Bidding at Auction in Brisbane
EP 103 - The Rental Crisis in Brisbane
EP 102 - How rising interest rates will impact Brisbane property
EP 101 - Body Corporate Schemes in Queensland
EP 100 - Looking at the Future of Brisbane
EP 99 - Brisbane Property Market Update - April 2022
EP 98 - How does a Buyers Agent add value?
EP 97 - Special Guest Justin Nickerson from Apollo Auctions
EP 96 - Insurance in Brisbane with Burstows Brokers
EP 95 - Brisbane Property Market Update - March 2022
Ep 94 - Smoke Alarm Compliance with Amy from Smoke Alarm Solutions
Bonus Episode! How Brisbane will fare after the floods with Pete Wargent and Melinda Jennison
Ep 93 - Talking through the Brisbane Floods 2022
EP 92 - It’s Question and Answer Time!
EP 91 - Brisbane Property Market Update - February 2022
EP 90 - Understanding the Queensland Residential Contract Changes
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