Brisbane housing market insights for February reveals increased demand for houses has been underpinned by increasing consumer sentiment and a surge in interstate migration.
This resource, to be updated monthly, will collate and examine the economic levers pushing and pulling Brisbane’s housing market.
Combining market research, rolling indices and expert market opinion, this evolving hub will act as a pulse check for those wanting to take a closer look at the movements across the market.
So, what were the highlights across Brisbane’s property market throughout January 2021?
Brisbane median house and unit price values
| Type | Month | Quarter | Annual | Median |
|---|---|---|---|---|
| All | 0.9%▼ | 2.5%▲ | 4.0%▲ | $527,826▶ |
| Houses | 1.0%▼ | 2.9%▲ | 4.9%▲ | $583,902▲ |
| Units | 0.4%▶ | 1.0%▼ | -0.4%▲ | $393,177▲ |
^Source: Corelogic Hedonic Home Value Index – January
Brisbane housing market affordability
| City | Household income to meet mortgage repayments September 2019 | Household income to meet mortgage repayments September 2020 |
|---|---|---|
| Brisbane | 21.0% | 18.7% |
^Source: Moody’s Investor Services – October
Brisbane prestige property ranking
| City | Global ranking | 3-month change | 12-month change |
|---|---|---|---|
| Brisbane | 23rd | -1.4%▼ | 1.1%▲ |
^Source: Knight Frank Prestige Property Index – November
Article Source: theurbandeveloper.com
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