Top 5 Brisbane Hotspots
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There’s a strong argument that Brisbane is the strongest of the major markets around Australia.
Two-thirds of suburbs have rising sales activity and almost 90% have rising prices.
Our Autumn 2021 survey of sales activity earlier this year identified 124 rising suburbs, easily a record for Brisbane. But our latest quarterly analysis, the Winter 2021 survey, has smashed that record, with 141 suburbs with rising sales activity, and for the first time in five years, there are no suburbs we rank as declining or danger markets.
There are large numbers of growth suburbs right across the Greater Brisbane Area, led by Moreton Bay Region (28) and Logan City (25). The big improver is Ipswich City, which three months was still lagging the rest of Brisbane and had only five growth suburbs. Now, of the 14 Ipswich suburbs ranked in the quarterly survey, 11 are classified as growth suburbs. There are also notable numbers of rising suburbs in the Brisbane-east, Brisbane-south and Redland City precincts.
When we did our prices analysis three months ago, 76% of suburbs had delivered annual growth in their median house prices. Our latest analysis finds that 89% of suburbs have had growth in the past year.
Similarly, there has been improvement in the apartment markets, from 56% to 64% of suburbs recording annual growth in their median unit prices.
The uplift in house prices is spread right across the Greater Brisbane Area, through a variety of price points in the inner, middle and outer ring precincts.
The overall picture for Brisbane is a market which is poised for the highest growth experienced in 20 years.
So have a read of our new July 2021 edition of the Top 5 Brisbane Hotspots report, to find out where I expect the best growth to occur in this rising market.