Brisbane Property Market Forecast for 2025
Explore the latest insights on Brisbane's property market forecast for 2025. Discover trends, predictions, and what to expect in the Brisbane real estate landscape.
11/14/20242 min read
The Brisbane property market has been on an upward trajectory, and for the rest of 2024, it's poised to continue its robust performance. Here is an updated analysis based on recent data and trends:
Current Market Dynamics
Brisbane has seen a 64% price growth since the onset of the COVID-19 pandemic, reaching a new peak in dwelling values. The median home value in Brisbane has now surpassed that of Melbourne, highlighting its appeal to both residents and investors[1].
Median Property Prices as of November 1, 2024:
| Property Type | Median Price | Month-over-Month Change | Quarter-over-Quarter Change | Annual Change |
|---------------------|--------------|------------------------|-----------------------------|---------------|
| All Capital Dwellings | $883,357 | 0.7% | 2.4% | 13.0% |
| Capital City Houses | $974,025 | 0.7% | 2.1% | 11.9% |
| Capital City Units | $669,254 | 1.0% | 3.5% | 18.8% |
| Regional Dwellings | $677,869 | 0.8% | 2.3% | 11.4% |
Source: CoreLogic[1]
Despite an increase in listings for sale and affordability concerns, the market is expected to remain strong. The supply of new housing has been constrained due to a slowdown in construction, focusing demand on existing properties[1].
Investment Trends
Strategic investors are returning to the market, with a preference for properties in lifestyle and growth suburbs. Here are some of the top-performing areas to consider:
- Inner-City Suburbs: Paddington, Ashgrove, and Red Hill are known for their heritage charm, proximity to the CBD, and vibrant café culture. These suburbs are ideal for capital growth due to their limited land availability.
- Western Suburbs: Indooroopilly, Chapel Hill, and Kenmore offer excellent schools, green spaces, and a family-friendly lifestyle, driving consistent demand.
- Suburban Areas: Stafford, Kedron, Wavell Heights, Cannon Hill, Camp Hill, and Mansfield are seeing infrastructure improvements and gentrification, making them attractive for their affordability and growth potential.
- Townhouses: There's a noticeable shift towards medium-density living, particularly in inner and middle-ring suburbs like South Brisbane, Greenslopes, Carina, and Camp Hill. These properties offer a balance of space and affordability, appealing to young families and professionals.
- Boutique Apartments: While high-rise apartments face softer demand, boutique complexes in areas like New Farm, Teneriffe, West End, Highgate Hill, Albion, and Wooloowin are expected to perform well due to their lifestyle appeal and lower density.
Future Outlook
- Infrastructure Projects: The Cross River Rail, Brisbane Metro, and the 2032 Olympics are set to boost demand in surrounding areas. These projects will improve accessibility and amenities, potentially leading to property value increases.
- Migration and Population Growth: Queensland's population is growing at a significant pace, driven by both interstate and overseas migration. The state's population is expected to grow by over 16% by 2032, with most growth concentrated in Greater Brisbane[1].
- Economic Fundamentals: Queensland's strong economic performance, with a growth rate outpacing other states, supports the housing market. The state's affordability relative to other capitals continues to attract buyers[1].
Brisbane Real Estate Services
For those looking to navigate this dynamic market, Brisbane Real Estate offers comprehensive services:
- Strategic Property Advice: Develop a tailored Strategic Property Plan to align with your wealth creation goals.
- Buyer’s Agency: As Brisbane’s trusted buyers’ agents, we ensure you find the best investment-grade properties or your next home with our on-the-ground expertise.
- Property Development: Leverage our expertise to engage in property development without the hassle, from concept through to completion.
- Wealth Advisory: Receive personalized financial planning and wealth management advice.
- Property Management: Our services ensure your investment properties are managed efficiently, with lower vacancy rates and quicker leasing compared to market averages.
Whether you're considering buying, selling, or investing, Brisbane Real Estate can guide you through this exciting phase of the property cycle with a holistic approach to maximize your wealth creation opportunities.
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