Hotspotting Podcast | Episode 89 - Brisbane Market Out-Performs

Posted on 17/04/2019  
Hotspotting Podcast | Episode 89 - Brisbane Market Out-Performs

Apple Podcasts button   Stitcher Radio button

The Brisbane market has an underlying strength and it continues to show gradual improvement. It is poised to deliver on the potential growth shown by advances in the economy, population trends and infrastructure spending.

In my latest survey of sales activity for the Price Predictor Index, the number of suburbs with growing demand has risen from 19 to 29 to 33 in previous quarters, to 44 in the most recent, led by two stand-out precincts: the Moreton Bay Region and Brisbane - North, which means the market is strongest north of the Brisbane river.

The Brisbane market was busy in 2015 / 2016, but failed to deliver on that promise with big price growth across the city. Some precincts have had short spurts of good growth, but the forecast boom has not eventuated - yet. The issue for Brisbane has been the lack of strength in the underlying economy. But there have been recent signs of promise, with the population data improving and the State Budget allocating $45 billion to infrastructure spending over the next four years. Major projects costing over $10 billion are now getting underway in Brisbane.

Read the full article in Property Observer and get the details in the Top 5 Brisbane Hotspots report.

« Back