All signs point to Brisbane property recovery

By Grace Ormsby 09 January 2020 | 1 minute read

Queensland’s capital has ended 2019 on a high, finishing the year with positive annual growth and indicating a promising investment environment for 2020.

brisbane skyline afternoon spi

In a Brisbane property market update from Streamline Property’s Melinda Jennison, she noted that the month’s lower volumes have not deterred would-be buyers from the market, resulting in good returns for sellers willing to list over the festive period.

At the same time, the buyer’s agent said SQM Research had shown that asking prices across the state’s capital had also seen increases, up half a percentage point.

This represents a total 2.8 per cent positive 12-month change, Ms Jennison said, correlating well with median price growth changes.

Over the year, Ms Jennison noted that high demand was consistently better for inner-city suburbs compared with fringe suburbs.

Citing data from the Herron Todd White Residential December 2019 report, she noted how “cashed up interstate migrants” searching for high-quality lifestyle-oriented homes had played a role in this.

Desirable school zones have also contributed to price growth potential in the city, with Ms Jennison considering “higher demand in locations with good school catchments translating to premium prices”.

Again pointing to Herron Todd White analysis, Ms Jennison highlighted that Brisbane is at the start of its recovery in the housing market, while it has hit the bottom of the unit market.

As a result, she considered there to be “very good prospects for capital growth across our city in the near future”.

“Brisbane currently presents with excellent indications of sustained, long-term capital gains, particularly in the detached housing market,” the buyer’s agent concluded.

RELATED TERMS

Property

Property refers to either a tangible or intangible item that an individual or business has legal rights or ownership of, such as houses, cars, stocks or bond certificates.

About the author

Grace Ormsby

Grace Ormsby

Grace is a journalist across Momentum property and investment brands. Grace joined Momentum Media in 2018, bringing with her a Bachelor of Laws and a Bachelor of Communication (Journalism) from the University of Newcastle. She’s passionate about delivering easy to digest information and content relevant to her key audiences and... Read more



All signs point to Brisbane property recovery
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