The Greater Brisbane market has gone to another level with its recent recovery, following a major surge in the number of suburbs with positive rankings.
We’ve just completed our latest quarterly survey of sales activity for Brisbane and it reveals that there are now 83 suburbs ranked as rising markets, compared with 38 three months ago and just 12 six months ago.
It’s the highest number since mid-2022.
This represents a notable turnaround from the situation recorded in our Winter 2023 survey six months ago.
Now 36% of suburbs are rising markets (compared with just 5% six months ago) and 85% overall have positive rankings (compared with 21% six months ago).
Six months ago in our Winter 2023 survey we commented that, then, it was the worst Brisbane market we have recorded in the eight years of our quarterly surveys of sales activity.
But the Spring 2023 survey three months ago recorded the start of a major revival.
And now our new quarterly survey shows further uplift in the Brisbane market.
Now 85% of Greater Brisbane suburbs have positive rankings and the number of suburbs with negative assessments has dropped in six months from 181 to just 34.
There are now no suburbs classified as declining markets, compared with 71 declining suburbs six months ago.
This is a truly dramatic turnaround in the Brisbane market.
All sectors of the Greater Brisbane market are performing, with the Brisbane-inner precinct emerging increasingly as a leader. All but two of the 23 suburbs in our survey have positive classifications, including 11 ranked as rising markets.
This reflects a trend evident in all the major cities of Australia, with more buyers opting for apartments in inner-city locations.
The Brisbane-north precinct is pumping strongly: 35 of the 41 suburbs in our analysis have positive rankings, including 20 rising suburbs – suburbs such as Brighton; Bridgeman Downs; Nundah; and Wavell Heights.
Neighbouring Moreton Bay region is equally busy: 36 of the 41 suburbs have positive classifications, including 15 rising suburbs.
The Brisbane-east precinct has some notable examples of the revival trend, including Bulimba; Cannon Hill; and Manly West.
Overall, 15 of the 20 Brisbane-east precinct suburbs have positive numbers.
This trend is repeated throughout all the sectors of the Greater Brisbane market, including Logan City in the south, Ipswich City in the south-west and Redland City in the south-east.
Overall, the results depict a Brisbane market which has recovered emphatically from the previous downturn and which now presents as a booming market.
