State of Markets – QLD October 2012

By Staff Reporter

Essential information, plus expert insight on what is shaping the national property market...


Prices remain low in Brisbane buyer’s market
The large number of properties for sale is keeping prices in Brisbane down, according to the most recent Commonwealth Bank Home Buyer Index (HBI).

The index confirms Brisbane as a buyer’s market, along with Adelaide, Hobart, PerthPerth, TAS Perth, WA and Sydney.

According to the report, “Brisbane’s housing market has recorded one of the weakest performances in terms of value declines over the past 12 months and conditions generally reflect a buyer’s market.

“The HBI is showing extreme buying conditions across around half of Brisbane’s sub-regions, highlighting the low level of buyer activity relative to the number of homes being advertised for sale.

“The markets that show the most challenging selling conditions are generally the more affordable regions located outside of the Brisbane council area boundary.”

AirportlinkM7 now open
Brisbane’s AirportlinkM7, one of Australia’s largest infrastructure projects, is now open and is set to facilitate easier access to the state capital, the Queensland government said.

The AirportlinkM7’s opening was announced by the state’s development, infrastructure and planning minister, Jeff Seeney.

“Along with the Clem7 Tunnel and the Go Between Bridge, Airportlink will change the way people travel across some of the busiest parts of the city,” Mr Seeney said.

“It will reduce travel times significantly and should ease traffic congestion in Brisbane's inner northern suburbs by linking the busy northern arterials of Gympie, Stafford and Sandgate Roads to the Inner City Bypass and Clem7.”

With travel times cut substantially due to eased congestion, investors and tenants alike will be able to looking further out from the city centre for property.

The $4.8 billion project, which took four years to complete, is one of several planned for the area’s road network.

“Brisbane now has the most sophisticated road tunnel system in the nation which will provide important economic benefits for Queensland,” Mr Seeney said.

Thank you.

Your enquiry has been sent to a local Aussie Mortgage Broker.

We will be in contact with you shortly.

error occurred.
Unfortunately Aussie cannot attend to your home loan related enquiry at this stage as you must be a citizen or permanent resident.
Do you need help finding the right loan for your investment?
What Aussie do for you:
  • Give expert mortgage advice to help you find great investment loan deals
  • Help you maximise return by lowering financing costs
  • Save you time and effort by helping with the paperwork
First name
Last name
Mobile Number
Are you an Australian Resident?
promoted stories

Top Suburbs

Highest annual price growth - click a suburb below to view full profile data:
BLUE BAY 49.18%
State of Markets – QLD October 2012
SPI logo