Brisbane Is Leading The Way!

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Brisbane Is Leading The Way!

Brisbane Is Leading The Way!

Brisbane has taken over Sydney to become the fastest growing capital city housing market, indicated by CoreLogic’s latest data, where Adelaide follows closely.

Not only Year on Year % Change has seen Brisbane at first place with 26.99% increase, Quarter on Quarter increase is now almost doubling Sydney’s growth at 7.85% compared to 4.05%.

CoreLogic Daily Home Value Index as at 8 December, 2021

Source: Corelogic, 2021

Median Home Value Increase % by State

Source: Square real estate, 2021

Brisbane is experiencing the biggest supply shortage of housing compared to all other major capital cities. Listing volumes are also seeing Brisbane with the sharpest Year to Year and Monthly decrease of -33.9% and -5.9% available to sale in the four weeks up to 28th November.

Median Home Value Increase % by State

Source: Square real estate, 2021

With Christmas just around the corner, most developers are holding on to land release until early next year, with very limited land release during late 2021 and early 2022. Dwelling units approved continues to fall and this shortage will start to take its effect starting early next year.

Approved Stock Shortage from October 2006 to October 2021

Source: Square real estate, 2021

With low housing affordability, positive rate of interstate migration and more overseas migration on the way, fewer lockdowns, adding low interest rate and supply shortage, Brisbane will see steady growth heading into 2022 and beyond.

2 Responses

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