Property Market Update | July 2021

Brisbane continues to be the capital city that provides buyers and investors with the “most bang for buck” for both houses and units, with the number of buyers searching for homes in the $1 million price point in Brisbane has gone up 30 percent in the last three years.

Median house values across Brisbane range from $380,000 (Archerfield) to $2 million (Teneriffe). The inner northern suburbs of Brisbane only saw a 0.9% growth period from July until October 2020. However, since October, we have seen the house market increase by 13 percent in those suburbs within a 5km radius of the CBD! This has been a year to remember as houses I was personally valuing over 12 months ago were then selling for $250,000 - $300,000 more than the appraisal figure from last year.

As we speak, there seems to be plenty of evidence that the housing and unit market will continue going from strength to strength over the next 3 years with the RBA releasing information that there could be no change to the interest rates until 2024.

As always we have a number of new houses & units becoming available over the next 4 weeks with some being purely available off-market and some others coming onto the market.

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