Ray White Eight Mile Plains

The rate of price growth has remained stable in Brisbane after reaching a peak in March this year. Corelogic figures for August reveal property values rose 2%, and are now up 18.3% over the year. Brisbane’s median house price of $691,000, which rose by $13,000 in August, is still less than half of Sydney’s but is now on par with that for Adelaide and Hobart. The average unit in Brisbane is now selling for $425,000 however the growth gap between houses and units continues to widen. Brisbane as a city is a very desirable place to live. The locals are getting that, and there’s more and more interest in our market. Interstate migration into Queensland, growing at its fastest rate since late 2003, has remained a tailwind for housing demand. Experts say the post-pandemic boom could fuel a further 15% rise in house prices in the coming year and more than double, with a likely median of $1.5 million, by the time the 2032 Olympic Games begin. I think we’ve got every right to see that Brisbane’s future is bright. Whether you are buying, selling or investing, I invite you to get in touch and experience the Ray White difference for yourself. Ken Chin Senior Sales & Marketing Consultant Ray White Eight Mile Plains WHAT’S HAPPENING IN OUR MARKET?