Authored by the expert who managed and guided the team behind the Australia Property Pack
Yes, the analysis of Brisbane's property market is included in our pack
Are you curious about how the Brisbane real estate market is shaping up for 2025? Wondering if property prices are set to rise or fall? Interested in knowing which suburbs are becoming the new hotspots?
We will lay down recent insights, providing you with a clear picture of the market's trajectory. Here, no guesswork—just solid data to guide your property decisions.
Actually, we know this market inside and out. We keep tabs on it regularly, and all our discoveries are reflected in the most recent version of the Australia Property Pack
1) Properties in Brisbane school catchment areas are commanding 10-15% higher prices than those outside
In Brisbane, properties within school catchment areas are valued 10-15% higher than those outside.
Families are drawn to these areas because the schools consistently deliver outstanding academic results and boast high NAPLAN scores. This makes them a top choice for parents who prioritize education. The schools' reputation for academic excellence is a major factor in driving up property values.
Beyond academics, these neighborhoods offer a strong sense of community. Residents often form close-knit relationships, creating a supportive environment that many homebuyers find appealing. This community spirit adds to the allure of living within these catchment areas.
The infrastructure in these areas is another big plus. Schools invest heavily in state-of-the-art resources and technology, ensuring students have access to excellent learning environments. This commitment to quality education and facilities makes the area even more attractive to families.
Moreover, the enhanced opportunities for networking and community involvement in these catchments are significant. Families benefit from networking opportunities that can lead to personal and professional growth, further increasing the desirability of these neighborhoods.
Sources: Buy Well Group, Lion Property Group, Realestate.com.au
2) Property prices near Brisbane's major shopping centers are surging, with a 7% increase last year
In 2024, properties near Brisbane's major shopping centers saw a price increase of 7%.
Brisbane's housing market has been on a roll, with dwelling values rising significantly since COVID-19 hit. Over the past few years, prices have jumped by 64%, showing a strong growth pattern. This overall market strength has naturally made areas close to major shopping centers more appealing to buyers.
Living near shopping centers is a big draw for property buyers. Take Chermside West, for example, near Westfield Chermside. It's known for its family-friendly vibe and affordability, making it a hot spot in the property market. These factors have contributed to the strong performance of such locations.
Brisbane's ongoing infrastructure projects, like the Cross River Rail and Brisbane Metro, have improved connectivity, boosting demand in nearby suburbs. This increased demand is likely a key driver behind the price increases observed in areas near major shopping centers.
These infrastructure improvements have made commuting easier, attracting more people to these areas. As a result, the demand for properties near shopping centers has surged, leading to a 7% price hike in 2024.
With the combination of a strong housing market, desirable locations, and improved infrastructure, it's no wonder properties near Brisbane's shopping centers are seeing such growth. The trend is clear: proximity to amenities and connectivity are key factors driving property prices up.
Sources: Property Update, Smart Property Investment, Property Buyer
Everything you need to know is included in our Property Pack for Brisbane
3) Suburbs near Brisbane's rivers and parks are experiencing 5-8% annual property value growth
Suburbs near Brisbane's rivers and parks are seeing a steady rise in property values due to their growing popularity.
Take New Farm and Hawthorne, for example. These areas offer scenic views and recreational amenities that are drawing in both buyers and renters. In 2024, New Farm experienced an impressive 11.4% annual growth, highlighting the demand for lifestyle areas in Brisbane.
One of the key factors driving this trend is the improvement in transport links, like the Cross River Rail project, which has made these suburbs even more desirable. This infrastructure development is making it easier for people to access these beautiful areas, boosting their appeal.
Brisbane's property market is also benefiting from a positive outlook driven by population growth and a limited supply of new buildings. This combination suggests that interest in these suburbs will continue to rise.
With the city's population on the rise, the demand for properties in these lifestyle-rich areas is expected to remain strong. The limited new building supply further intensifies this demand, making these suburbs a hot spot for potential buyers.
Sources: Aurora Realty, Hunter Gather, NAB
4) Brisbane's infrastructure projects are driving property prices up by 10% in nearby areas
Brisbane's infrastructure projects have significantly boosted property prices in nearby areas by up to 10% over the past year.
The Cross River Rail is a major project set to improve city connectivity by 2025, particularly benefiting suburbs like Woolloongabba and Dutton Park. These areas are expected to see a notable increase in property values due to enhanced transport accessibility.
Another key development is the Brisbane Metro, which aims to enhance public transport across key corridors by 2026. This project is already driving demand in suburbs such as Herston and Eight Mile Plains, even though its completion is still a year away.
Looking at historical trends, cities like Sydney and London have shown that infrastructure developments often lead to substantial property value increases. Brisbane is following this pattern, with its current wave of projects.
Preparations for the 2032 Olympics are also expected to significantly boost property values, reshaping the city’s real estate market. These developments are part of a broader trend that is transforming Brisbane.
As these projects progress, the demand for properties in these areas is likely to continue rising, reflecting the ongoing changes in the city’s infrastructure landscape.
Sources: Aurora Realty, Phil Times, Hunter Galloway
5) Brisbane's waterfront property prices are surging, with a 9% increase over the past year
Brisbane's waterfront properties have seen a 9% price increase over the past year.
This surge is largely due to the scarcity and prestige of these properties. Nestled in sought-after suburbs like Bulimba and Hawthorne, they naturally draw more interest and competition. Buyers are eager to secure a piece of these limited offerings, pushing prices higher.
In contrast, non-waterfront apartments in Brisbane have experienced a 5.7% decrease in median price. This stark difference underscores the unique allure and value of waterfront locations, making them particularly attractive to potential buyers.
Waterfront properties are not just about the view; they offer a lifestyle that many find irresistible. The combination of exclusive access to water activities and proximity to vibrant community amenities adds to their appeal.
Moreover, the ongoing development and investment in these areas have enhanced their desirability. New infrastructure projects and community enhancements have made these suburbs even more attractive, contributing to the rising demand for waterfront homes.
As a result, the market for these properties remains competitive, with buyers willing to pay a premium for the unique benefits they offer. This trend is expected to continue as more people seek the lifestyle and prestige associated with living by the water.
Sources: ePlace
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6) Demand for dual-living properties in Brisbane is surging, with a 15% increase last year
Brisbane's property market is buzzing with a 15% surge in demand for dual-living properties over the past year.
Why the buzz? It's all about finding affordable and flexible housing solutions. Dual-living designs, like granny flats, are a hit because they offer practical and cost-effective options. Imagine having a space that can bring in extra income through rental or provide a flexible living arrangement for families or professionals.
Brisbane's property market has been on a roll, especially since the COVID-19 pandemic. With a 64% price growth and a rental market that's in crisis due to low vacancy rates and high rents, dual-living properties are becoming a go-to choice for both buyers and investors.
People are flocking to lifestyle and growth suburbs, which is further fueling the interest in dual-living properties. The trend towards medium-density living is catching on, especially in areas like South Brisbane and Greenslopes, where townhouses are all the rage.
These properties are not just about living; they're about smart investment. With the rental market being so tight, having a dual-living property means you can tap into a steady stream of rental income while enjoying the flexibility of the space.
In a city where the property market is evolving rapidly, dual-living homes are a clever way to adapt to changing needs. Whether it's for family, investment, or lifestyle, these properties offer a versatile solution that fits the bill.
Sources: DS Architecture, Property Update, API Magazine
7) Brisbane homeowners are selling their properties after holding them for 11 years
Brisbane homeowners are now holding onto their properties for an average of 11 years before selling.
According to CoreLogic, the average tenure for houses in Brisbane is about 11.3 years, indicating a shift towards longer stays compared to a decade ago. This trend shows that people are more inclined to settle down for extended periods.
When you look at other major cities, Brisbane's average tenure is slightly lower than Melbourne's 12.5 years and Sydney's 12.4 years. However, it's a bit higher than Perth's 11 years and Hobart and Canberra's 10.9 years, suggesting that while Brisbane homeowners are staying put for a significant amount of time, they aren't holding onto their properties as long as those in Melbourne and Sydney.
This pattern is part of a broader trend across Australia, where people are choosing to stay in their homes longer. Various factors could be influencing this, such as market conditions, lifestyle preferences, or economic considerations.
For potential buyers, understanding these trends can be crucial. It might mean a more stable neighborhood or a competitive market if you're looking to buy in Brisbane.
Sources: Watt Realty, Real Estate Business
8) Luxury home prices in Brisbane are surging, with an 8% average increase last year
Brisbane's property market has been on a remarkable rise, with house prices surging by 55.2% since the COVID-19 pandemic began.
This growth has set the stage for a boom in the luxury home market. Over the past decade, luxury house prices have jumped by 84%, while luxury unit prices have climbed by 58% compared to median prices. This shows a strong appetite for high-end properties, which has likely driven the recent 8% price increase in luxury homes.
Experts are optimistic about the future, with forecasts predicting continued growth. For example, NAB expects a 5% increase in house prices for 2025, while Westpac anticipates a 3% rise. These predictions reflect confidence in the market's strength, supporting the observed price hikes in the luxury segment.
Brisbane's appeal is not just about numbers; it's about lifestyle. The city offers a blend of urban sophistication and natural beauty, making it a desirable location for luxury living. This unique combination has fueled demand, contributing to the significant price increases in the luxury market.
Investors and homebuyers are drawn to Brisbane's vibrant culture and economic opportunities. The city's growth in sectors like technology and education adds to its allure, further boosting the property market. This dynamic environment is a key factor in the ongoing demand for luxury homes.
As Brisbane continues to evolve, its property market remains a hot topic. The city's ability to attract both local and international buyers underscores its status as a prime destination for luxury real estate.
Sources: Hunter Galloway, Ray White Lower North Shore
Everything you need to know is included in our Pack for Brisbane
9) Brisbane's population is surging by 1.7% annually, fueling intense housing demand
Brisbane is experiencing a steady population increase, which is driving up housing demand.
In recent years, different sources have reported various growth rates for Brisbane. For example, Macrotrends noted increases of 1.24% in 2023, 1.33% in 2022, and 1.35% in 2021. Meanwhile, Population.net.au projects the population to reach 2.905 million by mid-2024, with an average growth rate of 3.00% over the last 12 years.
Buyers Scout highlights a current growth rate of 2.6% and anticipates a 16% increase by 2032. This strong population growth is a key driver of housing demand in Brisbane. The city's property market has seen significant growth, with a 64% price increase since the COVID-19 pandemic. This surge is linked to the post-COVID economic recovery and Brisbane's appeal to families, young professionals, and international migrants.
Additionally, the rental market in Brisbane is facing historically low vacancy rates, with figures as low as 0.9% for houses and 1.0% for units. These tight conditions are pushing rents higher, further intensifying the demand for housing.
While the exact 1.7% annual growth rate isn't explicitly mentioned in the sources, the overall trend of robust population growth is evident.
Sources: Macrotrends, Property Market Forecast, Population.net.au, Buyers Scout
10) Brisbane's average household size is 2.6 people, below the national average
In 2023, the average household size in Brisbane was 2.6 people, slightly below the national average.
Back in 2021, the Australian Census showed Brisbane's average household size was 2.1 people, already under the national average of 2.5. This trend highlights how urban living preferences and housing affordability have shaped household dynamics in the city.
Fast forward to 2024, and we see a shift. Brisbane's household size nudged up to 2.6 people, influenced by factors like urban living trends and housing costs. Despite this increase, it still lags behind the national average, which may have also seen a slight rise.
Brisbane's household size reflects broader urban trends. People are choosing city life, which often means smaller living spaces and fewer people per household. This shift is part of a larger pattern seen in many urban areas across Australia.
Housing affordability plays a crucial role here. As property prices rise, more people are opting for shared living arrangements, which can slightly increase household sizes. Yet, Brisbane's numbers remain below the national average, indicating unique local dynamics.
Understanding these trends is key for potential property buyers. It offers insight into the city's living conditions and how they compare to the rest of the country. This knowledge can guide decisions on where and how to invest in property.
Sources: Brisbane Census Data, National Household Size Data
11) Building approvals in Brisbane are surging, up 12% from last year
In 2024, building approvals in Brisbane jumped by 12%.
Across Queensland, there was a 3.3% increase in total dwelling units approved from December 2023 to January 2024. This upward trend in the region highlights Brisbane's role in the broader growth picture.
Brisbane, along with Logan and Moreton Bay, dominated house approval numbers in Queensland from September 2023 to August 2024. This shows Brisbane's significant contribution to the rise in approvals.
The Brisbane property market saw median dwelling values climb by 0.7% in October 2024, leading to an impressive annual growth of 13.0%. This surge in property values likely encouraged more building approvals as developers and investors aimed to benefit from the booming market.
With these factors in play, Brisbane's real estate scene is buzzing, making it an attractive spot for potential buyers. The city's growth is not just a blip; it's part of a larger trend in Queensland.
For those considering a property purchase, Brisbane's market dynamics offer promising opportunities. The combination of rising approvals and property values suggests a vibrant and expanding market.
Sources: Queensland Government Statistician's Office, Smart Property Investment, Realestate.com.au
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12) Brisbane rents are surging, with a 7% average increase last year
Brisbane's rental prices have seen a notable increase, with an average rise of 7% over the past year.
One major factor behind this surge is the city's exceptionally low vacancy rates. In 2024, the vacancy rate for houses was a mere 0.9%, while units were slightly higher at 1.0%. This scarcity of available rental properties has driven up demand, leading to higher rents.
According to SQM Research, the impact on rental prices has been significant. Over the last year, rents for houses in Brisbane jumped by 9.3%, and units saw an even more dramatic increase of 24.8%. This trend highlights the intense competition among renters in the city.
Adding to the pressure, Brisbane has experienced a surge in migration coupled with a slowdown in new home construction. This combination has created a tight rental market, making it increasingly difficult for residents to find affordable housing options.
For those considering buying property in Brisbane, understanding these dynamics is crucial. The current market conditions reflect a city in high demand, with limited rental availability and rising prices.
As the city continues to grow, potential buyers should be aware of these trends and consider how they might impact future property investments. Brisbane's rental market is a key indicator of its overall real estate health, offering insights into both challenges and opportunities.
Sources: Property Update, SQM Research, Capex Property
13) Townhouses in Brisbane are 25% cheaper than standalone houses
In Brisbane, townhouses are currently 25% cheaper on average than standalone houses.
Over the past couple of years, Brisbane's real estate market has been buzzing with activity. The demand for detached houses surged, especially in inner and middle-ring suburbs, driving up prices significantly. This trend has made standalone houses a hot commodity, pushing their prices higher.
Meanwhile, townhouses have quietly gained traction, particularly in the inner suburbs. Although they are becoming a popular choice, the demand for townhouses hasn't reached the same fever pitch as standalone houses. This difference in demand is a key reason why townhouses remain more affordable.
Brisbane's rental market is another piece of the puzzle. With low vacancy rates and rising rents, the city has become a challenging place for renters. This situation has made property investment appealing, but the focus has largely been on standalone houses, leaving townhouses as a more budget-friendly option.
Despite the growing interest in townhouses, their prices have stayed lower. The softer demand compared to standalone houses keeps them at a more accessible price point, making them an attractive option for buyers looking for value.
Sources: Property Update, Juliana Lee
14) Brisbane homebuyers are now typically 37 years old
The median age of Brisbane homebuyers in 2024 was 37 years.
In Australia, the average age for first-time homebuyers hovered around 36 years, aligning Brisbane with national trends. This similarity suggests that Brisbane's market reflects broader Australian patterns, where people are buying homes later in life.
Brisbane's property market saw a notable surge, with house prices jumping by 12.7% in 2024. This increase likely drew in buyers in their mid-to-late 30s, a group often more financially secure and ready to invest in real estate.
Across Australia, people are purchasing homes later due to rising housing costs and shifting life priorities. This delay in homeownership is evident in Brisbane, contributing to the median age of 37 for homebuyers in 2024.
Many in their 30s are now more financially stable, having spent years building careers and savings. This financial readiness makes them prime candidates for entering the property market, especially in a growing city like Brisbane.
Brisbane's appeal isn't just about numbers; it's a vibrant city offering a mix of lifestyle and opportunity, attracting those ready to settle down and invest in their future.
Sources: Realestate.com.au, OpenAgent, AHURI, Lending Loop
Everything you need to know is included in our Property Investment Pack for Brisbane
15) Brisbane house rental yields are surging at 4.3%
In Brisbane, the average rental yield for houses is about 4.3%, fitting neatly within the typical 4-5% range.
To understand rental yield, think of it as the return on your investment. You take the annual rental income, divide it by the property's purchase price, and multiply by 100. For instance, if a house costs $960,000 and brings in $40,160 a year in rent, the yield is roughly 4.2%. This shows how yields can vary based on property prices and rental income.
Location is key in Brisbane's property market. Suburbs like Nundah and Chermside often see higher yields due to their proximity to the CBD, where demand is strong and supply is limited.
Brisbane's low vacancy rate, around 1.3%, means landlords rarely have trouble finding tenants. This ensures steady rental returns and the potential for capital growth.
Market conditions, including demand and supply, significantly impact rental yields. In areas with high demand and limited supply, yields tend to be higher, making them attractive for investors.
Sources: Zest Mortgage Solutions, Zest Mortgage Solutions - Nundah, Zest Mortgage Solutions - Chermside
This article gives you valuable insights, but remember, it’s not and will never be investment advice. We pull data from a range of sources to provide you with the most accurate picture possible, yet we can’t guarantee complete accuracy. Markets are difficult to predict. Make sure to do your own research and consult a professional before making any financial moves. Any risks or losses are your own responsibility.