Brisbane Real Estate Market News

Advise if rochedale is a good option to buy a new house and land keeping in mind the current downturn of prices and news about property market going down by 40 in sydney and melbourne.
Brisbane real estate market news. It s business as usual for real estate agents across greater brisbane this weekend despite coronavirus linked cancellations affecting other industries. Get the latest real estate news direct to your inbox here compared to the same time last year brisbane home values are 1 2 per cent higher. Brisbane s luxury property market starts year with a bang it s been a strong start to the year for brisbane s prestige property market with several 4m plus home sales. Brisbane property news brisbane s real estate market continues to grow.
Brisbane s property market trends. Brisbane lga where the median house price is 666 500 had also fallen over the past year by 1 3 per cent. The only other capital city to record growth in the past month was adelaide where home values inched just 0 1 per cent higher. However brisbane property prices are still about 55 of sydney s while household incomes are only around 12 lower underpinning the value of brisbane real estate.
In general queensland is highly exposed to the chinese economy in particular tourism education and. Read more brisbane s wealthiest suburbs firing as returning expats drive strongest prestige market for a decade. Read the latest real estate news and get updates on the property market from brisbane s inner suburbs to the metropolitan growth areas and new developments along the brisbane river. One of the city s leading property analysts predicts next year will be a gamechanger for the residential sector.
Brisbane s property market is much more affordable than sydney and melbourne according to research by michael matusik the current price to income ratio required to buy in brisbane is 5 3 times at a median house price of 524 000. It s groundhog day for brisbane property prices as the market continues its lacklustre. But what s going to happen to the brisbane housing market moving forward. Thank you for providing your current report to brisbane s potential real estate market as it s been very useful.