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 –
Mar quarter 2008*
|
Brisbane
|
Mar quarter median
|
% change
Dec 07 – Mar 08
|
% change
Mar 07 – Mar 08
|
|
House Price
|
$416,500
|
+1.6
|
+20.7
|
|
House Rent (3
b/r)
|
$320 pw
|
+6.7
|
+14.3
|
|
Unit Price
|
$350,000
|
+2.3
|
+21.1
|
|
Unit Rent (2 b/r)
|
$300 pw
|
+1.7
|
+7.1
|
|
Vacancy rate
|
2.2
|
+0.1
|
+1.3
|
*
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:
While
the rate of growth in
Brisbane’s
residential market slowed in the March quarter, it has been the star
performer over the past 12 months with both houses and units increasing in
excess of 20% for the year. The market has risen across the entire
metropolitan area with similar growth over inner, middle and outer
Brisbane.
All
the indicators are positive and we expect to see continued growth over the
short to medium term due to the strong underlying fundamentals that
currently prevail. The market is undersupplied and this is translating into
consistently strong rental and price growth. It is unlikely that the
shortage of property will be addressed in the short term, which bodes well
for future prospects.
Detailed
Market Information:
For more detailed property market information
click here,
or contact Quartile toll free on 1300 650 650.
Adelaide
| Brisbane | Canberra
| Cairns
| Gold Coast | Melbourne
| Perth | Sydney
