Market Wrap for Brisbane Inner - West

South-east Queensland’s housing market has become increasingly popular to interstate buyers.

The annual number of Australians relocating to Queensland from other states is at its highest level in roughly 15 years. COVID-19 has been the driver of change, accelerating an exodus from the larger cities of Sydney and Melbourne, and shifting residents across state borders – Queensland has been the population winner.

Changed lifestyle preferences post-lockdown and the option of remote working has driven demand to south-east Queensland as buyers are drawn by affordability, liveability, climate and greater value for money.

Median sale price and asking rent

Brisbane house prices have soared to record heights for the seventh consecutive quarter, with tight stock levels and strong demand across all demographics increasing competition.

Investors have also made their way back into the market and competition is heating up.

The latest Corelogic home value index shows Brisbane dwelling prices have risen by 1.7 per cent on a rolling four-week basis.

For the last 3 months