Brisbane Unit Growth Fastest Since 1988 1988 was a great year for Brisbane, globally celebrated when hosting World Expo 88. Expo saw the birth of Brisbane's first major urbanisation success story "Southbank", the transformation of what is today hard to believe, was once an unsightly 40 hectare industrial area. It was also a year of significance for the property market, when the population, also on the back of the 1982 Commonwealth Games, was booming and units were hot property. In 1988 the rush for units, lead to a jump of 16 percent growth in just seven months. It's almost astonishing to think it has taken 40 years to finally see history repeat, with units, this year, back in favour with buyers as our population, once again continues to boom. After 4 decades, we have finally seen a long awaited return to unit growth, averaging a leap of 20% and in some suburbs, even higher. For many unit owners, this has been a welcome relief after years of their asset riding nothing short of a roller coaster performance. Units saw a spike in the early 2000's in Brisbane when we were undergoing a surge in interstate migration and population. Developers were quick to jump on the unit wagon to meet the demand, while failing to foresee the great crash of the global financial crisis. Many investors and speculators were caught out and a mass exodus from the market saw prices plummet. Developers were unexpectedly forced to offload excess stock, coupled with investors bailing and then yet another unexpected hit affecting the market, the 2011 floods. Many owners who have held onto their asset since the early 2000's are finally seeing their return on investment double, while those who jumped in just prior to the market taking off in 2020 have experienced growth of up to 50%. This time, buyers are no longer the early 2000 speculators jumping in on a projected continued population growth, they are highly educated on the limited supply of property and fewer forecasted developments being finalised. Ray White Chief Economist Nerida Conisbee, has repeatedly cited that we are around 55000 homes short per annum to meet the continued population demand. It's a perfect storm for unit owners, with limited supply and high demand for a low maintenance, secure lifestyle, continuing to push prices upwards. Fortunately, there's an injection of supply expected to start in 2025, with Brisbane eyed by unit developers as continuing to be one of the most stable, and best performing markets into the next decade. The city is set to continue to be transformed by an array of sophisticated inner city developments, which will see the continued transformation of many of the inner city's last remaining industrial sights, ready for international attention as we headtowards the 2032 Olympics.
Christine Rudolph’s Post
More Relevant Posts
-
The housing market is experiencing a significant shift as savvy investors increasingly favour apartments over traditional houses for higher returns. Recent research by Nuestar and Hotspotting challenges the notion that houses offer superior capital growth, revealing that apartments, particularly in capital cities and inner suburbs like Brisbane CBD, Gold Coast, Sydney, Melbourne, and Perth, are outperforming houses. Factors such as affordability, rental yields, and capital growth potential make apartments an attractive investment option. The construction of larger and more luxurious apartments tailored for downsizers has further fueled this trend. Downsizers, seeking to shed suburban maintenance without compromising comfort, are contributing significantly to the apartment market's growth. Owner-occupiers dominate the off-the-plan apartment market, with notable increases in unit-dominant suburbs like Inner Brisbane, Brisbane North, Gold Coast, Sydney City, and Melbourne City. However, constraints on new unit construction due to labour shortages suggest a supply shortage in the coming years. This shortage, coupled with Australia's population growth through international migration, is expected to sustain demand and prices in both sale and rental markets for apartments. Consequently, investors are increasingly pivoting towards apartments, anticipating sustained profitability and limited vacancy rates in the sector over the next five years. . . . #IntelligentFinancialSolutions #MortgageBroker #DailyPost #AustralianEconomy #HousingMarketShift #ApartmentInvesting #RealEstateTrends #PropertyInvestment #DownsizerMarket #UrbanLiving #CapitalGrowth #RentalYields #InvestmentOpportunities #PropertyNews #MarketAnalysis #InvestmentStrategy #SupplyAndDemand #CityLiving Source: https://lnkd.in/gPkVfqjm
To view or add a comment, sign in
-
🏠 Christchurch Property Market Insight – September 2024 🏠 As we step into September, the Christchurch property market is full of opportunities. The city continues to benefit from steady price growth, making it an attractive option for families and first-time buyers seeking affordable housing with a high quality of life. With its unique blend of urban renewal and suburban appeal, Christchurch remains a top choice for those looking to make a move before the year’s end. This Month’s Key Trends: 🔹 Stable Prices: Christchurch continues to outperform other major cities in New Zealand in terms of affordability. The market here is marked by moderate yet consistent growth, providing a stable environment for both buyers and investors. 🔹 Spring Surge: September traditionally brings a surge in real estate activity. With warmer weather and longer days, there is typically an increase in property listings, attracting more buyers to the market. This seasonal uptick presents a prime opportunity for those looking to buy or sell. 🔹 Urban Revival: The central city continues to thrive, thanks to ongoing regeneration efforts. New developments, modern amenities, and enhanced infrastructure are driving renewed interest in urban living. Whether you’re considering a trendy apartment or a commercial investment, the central city is buzzing with potential. 🔹 Sustainability Focus: While still an emerging trend, the demand for green and energy-efficient homes is on the rise in Christchurch. Buyers are increasingly valuing properties with sustainability features, reflecting a broader shift towards environmentally conscious living. This trend is particularly noticeable in new developments and renovated homes. 🔹 Challenges to Watch: While insurance costs remain a significant factor due to earthquake risks and climate change, the impact of supply chain disruptions has eased. Construction costs, while still elevated, are more predictable, allowing developers to better manage projects and timelines. This stability is encouraging more developments to proceed, which could help address housing demand. September Outlook: September is a pivotal month for the Christchurch property market. The spring surge typically brings more choices and heightened activity, making it an ideal time for both buyers and investors to act. Whether you’re looking for a family home in a growing suburb or considering an urban investment, the market conditions are favourable for strategic moves. #Christchurch #RealEstate #PropertyMarket #September2024 #InvestmentOpportunities #SpringSurge If I can help you with any of your real estate needs, please get in touch. I'd love to help. 🏡 Libby Laidlaw - Harcourts Holmwood Licenced REAA 2008 0223900362 [email protected]
To view or add a comment, sign in
-
Where Are Australia's Most Affordable Homes? 🏡 PRD's latest Affordable and Liveable Property Guide has uncovered the best spots for affordable housing across Sydney, Melbourne, Brisbane, and Hobart. An "affordable" suburb is one with a lower median price compared to the metro average—and Brisbane has taken the top spot for affordable units, with 60.3% of its suburbs meeting the criteria. Melbourne followed with 47.3%, offering a median unit price of $610K, while Sydney trailed with just 41.4% and a hefty $850K median price. For houses, Hobart came out on top, with 40.4% of its suburbs deemed affordable. Sydney, by comparison, had only 12.1%. PRD chief economist Dr Diaswati (Asti) Mardiasmo predicts a growing shift to units, as 48.7% of unit markets remain affordable across the capitals—far higher than the 29.2% affordability rate for houses. What’s your pick—houses or units? Let me know your thoughts! 🏘️ #RealEstateAustralia #PropertyInvestment #AffordableLiving
To view or add a comment, sign in
-
Dr Kev's Weekly Update: Melbourne's boom could be some time away Melbourne has emerged as the third most affordable city in Australia. Back in 2010, Melbourne’s median house price was just 14% lower than Sydney, but the gap has widened significantly recently, with Melbourne’s house prices sitting around 40% below Sydney. This shift has made Melbourne one of the most affordable capital cities in Australia, even more affordable than in Adelaide, Perth, Canberra and Brisbane. A key factor contributing to Melbourne's affordability is the good supply of land and new housing, particularly in the western suburbs. The number of property listings in Melbourne remains healthy at around 40,000 - consistent since 2019 - indicating that buyers continue to have a wide range of options. In line with stable listings, rental yields in the city are relatively low, at 3.2% for houses and 4.8% for units, and the vacancy rate has risen to 1.6%, up from 1% in February 2024 (Source: SQM Research). Overall, the current supply and demand data suggests that Melbourne’s property market may not see a rapid turnaround in the near term. The increasing supply of housing and rising vacancy rates could keep prices stable or even slightly soft in the short term. However, a new property boom in Melbourne is highly anticipated, though it may not happen immediately, driven by factors such as affordability, high population growth and being the second largest capital city by population in the country. We will continue to monitor the market conditions to determine the optimal timing of the next boom in Melbourne. In the meantime, we will continue to actively and confidently recommend growth regions in Adelaide, Perth and Brisbane, where growth prospects and yields are among the strongest in the country. #Economics #Data #inSynergy #inSynergyAdvisory
To view or add a comment, sign in
-
Top 10 Affordable Investment Hotspots Under $500K Looking for promising property investments under $500,000? Research from Washington Brown and Hotspotting reveals Australia's top picks for affordability, rental yield, and growth potential. From Blacks Beach in Mackay, where house prices start in the $400,000s with an impressively low vacancy rate of 0.3%, to Carey Park in Bunbury, boasting 29% price growth in the last year, these areas demonstrate robust potential for investors. Affordable suburbs like Calliope in Gladstone, with a median house price of $425,000 and a steady 11% growth over five years, further highlight the opportunities available for investors focused on both cash flow and capital gains. These hotspots may offer the value and performance your clients been searching for. #realestate #eliteagent #eliteagentmag #realestateagent
To view or add a comment, sign in
-
The housing market in Brisbane is seeing a significant surge in property values. According to PropTrack, over 500 suburbs in the Greater Brisbane region and a total of 900 across Queensland have experienced property value increases between 10% and 43.2% in the past year. This growth isn't limited to affluent areas - previously affordable suburbs like Slacks Creek (43.2%), Woodridge (39.8%), and Waterford West (38.4%) have seen dramatic price increases. The Logan-Beaudesert area offers some of the most affordable options for buyers right now, with suburbs like Logan Central, Kooralbyn, Woodridge, and Beenleigh having median prices under $390,000 (all units). However, overall affordability is becoming increasingly challenging. This rapid price growth is leading many residents to look to outer suburbs, like Boronia Heights-Park Ridge in Logan, which experienced the third-highest population increase nationally in just a year (2,000 residents). This rapid outward expansion is likely to strain infrastructure in these areas, creating a demand for more schools, healthcare facilities, and retail outlets to keep up with the growing population. With more properties changing hands due to the surge, Success Avenue could see a rise in the number of clients seeking their services to buy or sell property. Follow us for more #propertyupdates, #investmenttips, #market data, and more! Contact us @ 02-81230180, [email protected] | www.successavenue.com.au #SuccessAvenue #housingmarket Proptrack, Queensland, Brisbane, housing market, property management, property market Australia
To view or add a comment, sign in
-
New research from Propertybuyer and Hotspotting has identified ten Australian suburbs on the brink of reaching million-dollar median property prices, presenting significant opportunities for real estate professionals. Key Insights: Emerging Million-Dollar Suburbs: The study highlights suburbs across Queensland, New South Wales, Victoria, and South Australia that are nearing the million-dollar median price mark. These areas are experiencing gentrification, indicating potential for ongoing price growth. Growth Drivers: Factors such as population expansion, lifestyle appeal, employment opportunities, and infrastructure investment are propelling these suburbs' growth. Notably, these are established suburbs rather than greenfield developments, reducing the risk of oversupply. Strategic Investment Timing: Investing in these suburbs before they fully reach the million-dollar median can offer substantial capital growth, allowing investors to build wealth as these areas continue to appreciate. For real estate professionals, understanding these emerging markets is crucial for advising clients and making informed investment decisions. Click the link below to read more. ⤵️ https://elite.ag/1bs4ew6 #realestate #eliteagent #eliteagentmag #realestateagent #RealEstateInvestment #PropertyGrowth #MillionDollarSuburbs #AustraliaRealEstate #MarketTrends
Million-dollar suburbs with potential for growth
https://eliteagent.com
To view or add a comment, sign in
-
Australia’s property market continues to break records, with more suburbs than ever joining the million-dollar club, according to recent data. Perth has seen the sharpest increase, with 35 suburbs crossing the $1 million median house price for the first time, closely followed by Brisbane with 32, Adelaide with 26, and Sydney with 25. In Adelaide, key suburbs such as Seaview Downs, Plympton, Darlington, Hawthorndene, Semaphore Park, and Seacliff Park are now part of this exclusive group. The city has experienced a 14.5% price rise over the past year, with the number of million-dollar suburbs jumping 44% to a record 104. Brisbane also continues to see remarkable growth, with Chermside, Shailer Park, Thornside, Brighton, Geebung, Underwood, Karalee, and Logan Village surpassing the million-dollar milestone. Currently, 46% of Brisbane’s suburbs have a median house value of over $1 million—a significant increase from two years ago. Meanwhile, in Sydney, Bonnyrigg, Mount Pritchard, Claymore, Liverpool, Marayong, and Fairfield Heights have recently joined the ranks of million-dollar suburbs. Sydney remains the leader in high-value properties, with nearly 80% of its suburbs boasting median house prices above $1 million. Even as interest rates rise and affordability remains a challenge, these figures highlight the resilience of the Australian property market. As more suburbs across major cities reach record-high property values, the landscape continues to evolve, creating new opportunities for both investors and homeowners. With housing markets across the nation reaching unprecedented levels, understanding these shifts is crucial for anyone looking to buy, invest, or strategize in the property market. #PropertyMarket #AustralianHousing #RealEstate #Investment #PropertyTrends #MillionDollarSuburbs
To view or add a comment, sign in
-
Evening #RealEstateAustralia! Before we end another crazy day in the Aussie property market, let’s check out the latest insights on which are the best types of properties and locations for investors seeking capital growth. Adelaide, Sydney, and Brisbane are leading the charge with impressive quarterly gains in house prices. Notably, unit prices in Brisbane, Perth, Melbourne, and Darwin are outperforming houses, signaling a shift in investment opportunities. Recent reports reveal that the national growth rate is slowing, and more properties are hitting the market. This increased supply offers investors a wider range of choices. Where to Invest for Maximum Growth 📈 Adelaide is a standout with a stellar 15.8% price growth over the past year. Brisbane follows with a 12.5% rise, and Sydney sees an 11.1% increase. These cities are not just growing; they’re thriving. Investors and buyers looking for capital growth should consider the balance of purchase price, growth, and yield. Adelaide offers strong cash flow and growth potential, making it an attractive option. Sydney remains a solid bet despite its higher prices and flatter yields due to high interest rates. Brisbane, with its booming population growth and upcoming Olympic Games, is also a hot prospect. Spotlight on Apartments 🏘 Brisbane is setting records for apartment prices this quarter. The city’s relative affordability and infrastructure investments for the Olympics make it an appealing choice. Perth is showing signs of growth, although new supply may temper price increases. Darwin’s affordability is drawing first-time investors, but long-term sustainability remains a question. Choosing the Right Property ✨ Experts suggest focusing on specific markets within cities. Older apartments in boutique or lower-rise complexes (10-20 years old) often hold their value better than new off-the-plan units. These properties typically offer more space, lower strata fees, and appeal to downsizers. We hope these last-minute insights get you some sales before we end the week tomorrow! #PropertyInvestment #HousingCrisis #RealEstateGrowth #InvestmentOpportunities #CapitalGrowth #AffordableHousing #MarketInsights #ArcaniteInsights #SmartInvesting #PropertyTrends
To view or add a comment, sign in