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 69 - With Special Guest Michelle Ryan from Bespoke Money
EP 68 - Special Guest Jonathan Bell from Bell Estate Agents
EP 67 - Brisbane Property Market Update - August 2021
EP 66 - Special Guest Justin Nickerson from Apollo Auctions
EP65 -Understanding the Lockdown in Brisbane
EP 64 - Q & A with Scott and Melinda - Your questions answered
EP 63 - It's official! Brisbane will host the 2032 Olympic Games
EP 62 - Brisbane Property Market Update - July 2021
EP 61 - 10 Ways to Research Property in Brisbane
EP60 - Understanding the Market Frenzy in Brisbane
EP 59 - Sophisticated Investment Strategies in Brisbane
EP 58 - Brisbane Property Market Update - June 2021
EP 57 - Buyers biggest fears in the property market
EP 56 - Q & A with Scott and Melinda - Your questions answered
EP 55 - Brisbane's top ten growth suburbs in the last 12 Months
EP 54 - Finding an investment grade property in Brisbane
EP 53 - Brisbane Property Market Update - May 2021
Ep 52 - Preparing for Brisbane Auctions
Ep 51 - Who You SHOULD NOT Rely On for Property Investment Advice
EP 50 - The Contract Process when Buying Brisbane Property
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