Atlas Market Insights

In Brisbane, housing values are rising faster than most other capital cities. Many factors are contributing to this but, put most simply, it’s affordability. Brisbane house prices are, on average, $440,000 less than in Sydney, or roughly half. Income gaps between the two cities are not as large as this figure, meaning that property is more affordable. Brisbane has also benefited from a positive rate of interstate migration, also contributing to more people moving to the river city than leaving. This is all putting upward pressure on house prices. Further south, the Byron Bay boom is having a ripple effect onto surrounding areas like Brunswick Heads and the hinterland. What was once a pipe dream for Sydney-siders to reside in the sleepy surf town has now become a viable reality for many, with four in 10 buyers coming from the harbour city. These are just some of the insights you will find in our report which, like an atlas, will guide you on your real estate journey this year. Christine 5