Brisbane Housing Market Update – Positive Signs

The Brisbane housing market continues to attract attention with its strong demand, relative affordability, and growth potential. Understanding local trends, key drivers, and neighborhood dynamics is essential for buyers and investors looking to capitalise on opportunities in this thriving market.

Get the latest information on the Brisbane housing market.

Learn how it performed last month and what you can expect in the future.

The Brisbane housing market had an eventful month as transactions increased and house prices rose. Discover what this means for buyers and sellers in the Brisbane housing market and what is expected in the months ahead.

Key Trends in the Australian Housing Market February 2023

Last month, the key trends in the Brisbane housing market were a continued surge in demand, an increase in house prices, and a higher number of sales. Buyers started to compete again to secure properties and record sales at auction have been achieved in some suburbs. This has put some pressure on sellers to price their homes competitively and resulted in stronger competition among buyers.

How is the main stream media covering this change in the market?

The wording has softened but headlines are still tending negative about the Australian Housing Market. Well, that’s what the media does best.

It appears 9News know better than property experts who understand the Australian housing market when reading their headline.
“Signs housing market slump is easing, but warning downturn still not over.”

7News is a bit more considered with their headline.
“Property market downturn continues but rate of decline pulls back considerably”

Interestingly they are just taking Core Logic data into account to promote their narrative and tend to ignore other property data providers like SQM-Research or PropTrack.

Consider reading the below article from Stephen Koukoulas who has a good reputation in the market and doesn’t follow the main stream media narrative. “The fall in house prices is coming to an end”

Australian housing market downturn came to a halt

Australian property market downturn came to an halt in February with a 0.18% monthly increase in property prices according to PropTrack.
SQM Reseach’s data looks contradictory in some cases to PropTrak’s data. Keep in mind that both analyse the data differently, however the all over trend is suggesting a positive market outlook.

In summery the data is showing for most capital cities a market improvement, which suggest that we have reached or we are very close to the market bottom. The March data will bring more light in the tunnel when available in early April. As abuyer’s agent in BrisbaneI would like to stress that there is not one property market in Australia. So, seek advice from area experts rather the main stream media.

Source: SQM-Research

Source: SM-Research

Now is the best time to get your ducks in a row and to load your guns, if you want to profit from the relative low competition in the Brisbane market. The interest rate hike will reach it’s ceiling eventually and vendors who were holding back will release more stock to the market in the coming months to profit from the forthcoming market shift. You can position yourself even better with the help of a Buyers Agent on the ground.

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Constructive feedback is always welcome and if you have any suggestions on what you would like covered next please reach out to joerg@buyersscout.com.au.