Brisbane Market
Data >>
- Capital city of
Queensland.
- Fast growing population.
- Undersupplied residential market.
- Vibrant local economy.
Brisbane,
the capital city of Queensland. The inner-city, metropolitan
Brisbane
is surrounded by leafy, hilly, suburbs. Nearby Moreton Bay and its
islands provide an abundance of water sports and Australia's famous Gold
Coast is around one hour's drive away.
Market
Update – March quarter 2009*
|
Brisbane |
Mar
quarter median
|
%
change
Dec 08 – Mar 09 |
%
change
Mar 08 – Mar 09 |
|
House Price |
$399,000 |
+0.3 |
-4.2 |
|
House Rent (3 b/r) |
$340 pw |
+1.5 |
+6.3 |
|
Unit
Price |
$345,000 |
-1.4 |
-1.4 |
|
Unit
Rent (2 b/r) |
$340 pw |
+3.0 |
+13.3 |
|
Vacancy rate |
2.6 |
+0.9 |
+0.4 |
*
This is the
most up to date available - property data is released 3 months after the end
of each quarter.
Source: Real Estate Institute of Australia
and REIQ.
Comment:
Based on strong underlying supply and demand fundamentals,
we continue to view the
Brisbane market in a positive light with a solid outlook for the medium to
long term
albeit
perhaps a bit more subdued over the short to medium term.
The market continues to be undersupplied and this is translating into
consistently strong rental growth with values remaining fairly firm.
Building approval numbers have fallen away over 2009, which means it is
unlikely that the shortage of property will be addressed in the short term,
which bodes well for future prospects albeit without the more tempting
counter-cyclical conditions available in the
Sydney
market currently.
Detailed
Market Information:
For more detailed property market information
click here,
or contact Quartile toll free on (02) 9499 4999.
Adelaide
| Brisbane | Canberra
| Cairns
| Gold Coast | Melbourne
| Perth | Sydney
