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 89 - What does the suburb median price buy in Brisbane?
EP 88 - January Rental Market Update - With Jonathan from Bell Estate Agents
EP 87 - Brisbane Property Market Update - January 2022
EP 86 - Welcome to 2022 - We are off to a cracker start!
Ep 85 - A Year in Review - Brisbane Property in 2021
Ep 84 - Brisbane Property Market Update - December 2021
Ep 83 - Affordability in Brisbane
EP 82 - Brisbane CBD now and into the Future
EP 81 - Unpacking Brisbane Price Growth Forecasts
EP 80 - Brisbane Property Market Update - November 2021
EP 79 - Auctions in Brisbane
EP 78 - Preventative Maintenance on Brisbane Properties
EP77 - Is it too late to buy in Brisbane?
Ep76 - Brisbane Property Market Update - October 2021
EP 75 - Top 10 growth suburbs in Brisbane
EP 74 - Top 10 most in demand suburbs for 2021
EP 73 - A little about the history of Brisbane
EP 72 - What does your money buy in the Brisbane Property Market
EP 71 - Brisbane Property Market Update - September 2021
EP 70 - Q & A with Scott and Melinda - Your questions answered
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