Forecasting the Brisbane property market and prices for 2024
Despite the challenges posed by high inflation and interest rates, Brisbane’s property market is defying the odds with a significant surge of 9.1% since bottoming out in Q3 2022, according to the latest CoreLogic data.
But here’s the catch: the window of affordability is closing fast as demand surges.
That’s because Brisbane continues to shine as an oasis of affordability, with a median house price of $848,680, compared to its more expensive southern capital city counterparts, Sydney and Melbourne.
So, what does this mean for property investors?
The time to invest in Brisbane is now.
With increasing demand and rising prices, investors who secure an investment-grade Brisbane property are likely to reap substantial returns on their investment.