Market wrap for Brisbane Inner - West

A rebalancing of supply and demand is gradually shifting Brisbane’s market dynamics. Home owners have reacted to record pricing with a strong flow of new listings throughout the year. Together with the value of home loans being financed pulling back from its peak. These dynamics have boosted the total number of advertised homes for sale, while choice remains 30% below the five-year July average and 11% lower annually. While this gives the impression that demand is running ahead of supply, buyers will find the choice is 14% higher than the January low and has been tracking higher across most months this year. There is no doubt that demand for Queensland property remains stronger compared with other capital cities, however the competitive buying conditions are loosening.

Median sale price and asking rent

For the last 3 months

$1.6M
$680 p/w

$540K
$450 p/w

Origin of enquiries

Sale or rent enquiries in Brisbane Inner - West that come from outside of the area.

72.3% - Sales
66.1% - Rent

Discounting

Difference between the price initially advertised and final sale price.

6.9% - Houses
5.5% - Units

Days on market

The average number of days advertised for sale in the last 3 months.

39 days - Houses
40 days - Units

*This post was originally published on https://m1.emails.domain.com.au/rest/head/mirrorPage/@lbj1ermrkR_FfO7iGhifE-2lb1XTJeaL24Da3rmrgiNZ-mF714848BpWk-q3fPsztWkRNnZ15uIjygEiTWrM_iPnGSjuBsRHTl14MvQOOgJHQvaH.html?utm_medium=email&utm_source=domain&utm_campaign=%5B2022%2F08%2F18%5D%20Domain%20QLD%20%7C%20Market%20Wrap%20-%20July%20quarter%2018082022

Market wrap for Brisbane Inner - West

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