By Melinda Jennison, Buyers Agent, Streamline Property Buyers | 5-6-2024 | Residential

Brisbane has surpassed Canberra and Melbourne to lay claim to being the second most expensive property market in Australia, behind only Sydney.

There has been a significant shift in the rankings of Australia’s most expensive capital city markets.

EXCLUSIVE, RENEE MCKEOWN, MON 03 JUN 24

The new Sunshine Coast rail line from the hinterland to beach is a project 30 years in the making, complete with a rail corridor colloquially known as CAMCOS—the Caboolture to Maroochydore Corridor Study.

The project should lure developers and buyers to the region, bumping house prices up and boosting demand, in part due to it making the commute by rail to Brisbane more appealing than road.

INFRASTRUCTURE, MARISA WIKRAMANAYAKE, MON 03 JUN 24

In what will now be Western Australia’s largest privately funded infrastructure project, both Qantas and Perth Airport have chipped in to redevelop the Perth Airport.

Perth Airport and Qantas signed a new commercial agreement that Perth Airport would invest $3 billion in redeveloping the airport.

May 31, 2024 | Christian Edwards

Perth property is soaring. Via Getty

Aussie home prices lifted 0.3% to hit a new record in May, taking prices up 2.73% for 2024 thus far.

According to the latest PropTrack Home Price Index,  around the country rices were 6.68% above May 2023 levels and up 9.58% from their December 2022 low.

By Melinda Jennison, Buyers Agent, Streamline Property Buyers | 6-7-2024 | Residential

Brisbane remains one of the top three fastest growth cities over the last 12 months, as clear divergence between capital city market performances across the country cements itself.

Perth, Adelaide, and Brisbane have consistently been the strongest-performing markets since the pandemic began. These smaller capital city markets show a clear difference in performance compared to others across the country.