By Michael Yardney, March 23, 2024
Key takeaways
- Brisbane continues to be one of Australia’s strongest capital city housing markets and is likely to remain so throughout 2024, with dwelling values continuing to go from strength to strength.
- Brisbane's housing market skyrocketed over the last few years with 53.5% price growth since the onset of COVID-19 and is currently at a new peak in price.
- Like everywhere else in the country, Brisbane’s rental market is in crisis with historically low vacancy rates and skyrocketing rents.
- At the same time, demand for apartments is likely to remain softer, but more and more Queenslanders are turning to townhouses in Brisbane's inner suburbs as a preferred style of accommodation.
- ANZ Bank forecasts a 9-10% property price rise in Brisbane in 2024.