Brisbane Property Market & House Prices
Brisbane is the capital and largest city in Queensland, as well as the country’s third most populated property market. The housing market in Brisbane is experiencing a change. This has been attributed to population growth, tourism and migration.
Brisbane is not immune to economic downturns but its property market has remained relatively stable during times of high unemployment and low wages growth. The city’s property market was hit hard after the 1991 recession with house prices declining by 11%. But since then, this has been one of the most resilient economies in Australia. The Brisbane property market is currently experiencing strong growth, with large numbers of properties being purchased by investors.
Property Sub-Markets in Brisbane
Unlike other capital cities in Australia, Brisbane has no local government area subdivisions. HtAG Analytics reports the real estate metrics at the LGA level. Users are then able to ‘drill down’ to suburb metrics from the LGA dashboard. Because this is not possible for the Brisbane market we’ve segmented Brisbane into 5 artificial LGAs: Inner Brisbane (17 suburbs), Eastern Brisbane (11 suburbs), Western Brisbane (37 suburbs), Northern Brisbane (45 suburbs), Southern Brisbane (51 suburbs).
The GRC chart below illustrates the differences in the 5 markets. Historically Eastern Brisbane and Southern Brisbane markets were subject to higher volatility than neighbouring regions. Whereas Inner Brisbane shows less volatility with a steady Year on Year price increase hovering around 5%.
Explore the graph above in detail by signing up on the Starter Plan for free. Navigate to the home page after joining to see the graph.
Market Outlook for Brisbane Properties
The economic outlook for the Brisbane property market in 2021 and beyond is looking positive. Brisbane is experiencing an increase in new job opportunities because of its increasing positioning as a major economic hub on par to Sydney and Melbourne. It’s also beginning to attract millennials due to lifestyle and climate advantages over other capital cities, which have higher prices and longer commutes respectively.
It is very possible that incomes will rise for both households and businesses because of these developments. This typically creates a positive follow-on impact on the local property market. HtAG projections show that Brisbane house prices will likely increase by 10-15% in the next 2 years.
As with any other property markets in Australia, Brisbane ties in with the main trends in global economy. Therefore, global developments have always had an impact on Brisbane property market due to interest from foreign investments. Unlike Sydney and Melbourne, Brisbane house prices are very affordable for both domestic and foreign investors on a budget.
Not surprisingly, some experts predict that it’s only a matter of time before Brisbane’s property market boom accelerates. New infrastructure projects related to the 2032 Brisbane Olympics will most definitely have a positive impact on house prices in Brisbane too.
Typical Occupations and Dwelling Types in Brisbane Property Market
Brisbane is home to a lot of white collar employees. According to ABS, Professionals account for 29.9% of employment in Brisbane, followed by Clerical and Administrative Workers at 14.6%, Managers at 13.1%, Technicians and Trades Workers at 10.5%, and Community and Personal Service Workers at 10.1%. In Brisbane, the typical weekly personal income for those aged 15 years and older is $770.
In Brisbane, 67.4 % of occupied private residences are detached houses, 10.4 % are semi-detached, row or terrace houses, townhouses, or other dwellings, 21.3 % are flats or apartments, and 0.4 % are other dwellings.
Whether you’re a first-home buyer or a seasoned investor, it pays to know where the market is going. Explore the data on this interactive dashboard and find Brisbane suburbs positioned for capital growth.
Capital Growth Heatmap
Property Market Snapshot
This page provides an overview of the LGA real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this council area. You are able to drill down to suburb-level data and charts which visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.
Typical Price for houses in this council area. Percent changes indicate Year on Year growth or decline in house values. Council area house prices are calculated by averaging Typical Price of all suburbs within the area. Typical Price is a more accurate metric than Median Price.
Median Weekly Rent for houses in this council area. Percent changes indicate Year on Year growth or decline in rental prices. Calculated via median value formula applied to rental prices from online listings.
Yearly Gross Yield for houses in this council area. Calculated by multiplying the Median Rent by 52 and dividing the resulting value by Typical Price. Percent changes indicate Year on Year growth or decline in Gross Yield for houses.
Typical Price for units in this council area. Percent changes indicate Year on Year growth or decline in unit values. Council area house prices are calculated by averaging Typical Price of all suburbs within the area. Typical Price is a more accurate metric than Median Price.
Median Weekly Rent for units in this council area. Percent changes indicate Year on Year growth or decline in rental prices. Calculated via median value formula applied to rental prices from online listings.
Yearly Gross Yield for units in this council area. Calculated by multiplying the Median Rent by 52 and dividing the resulting value by Typical Price. Percent changes indicate Year on Year growth or decline in Gross Yield for units.
AUS Council Areas ( houses )
|Council Area||Bdrms||Growth Rate||Sales||Typical Price||median_price_sort||Price YoY Change||Rentals||Median Rent||median_rent_sort||Rent YoY Change||Yield||Capital Growth||Total ROI||Rent Growth||Rent Increase||Confidence||sort||Error Rate||sort_roi||sort_cg|
Our reports are produced at 2 levels: LGA (Council Area) & Suburb. Clicking on a suburb name in the table will take you the the page of its referent LGA, from where you will be able to 'drill down' to suburb-level data.
How to use this Dashboard
This interactive dashboard illustrates the trends for key real estate metrics in the area. Use these metrics to determine potential return on investment from this property market and its’ sub-markets.
Upgrade to Personal Plan to unlock the trend forecast section on the Price, Rent & Yield graphs.
Get the Professional Subscription to see trends for advanced metrics such as Buy & Rent Search Index that indicate real estate demand and supply in this LGA.
Property Market in Brisbane
It is estimated that approximately 2.45M people live in the Greater Brisbane Area. The population is projected to increase by 30,000 people every year.
The population in terms of ancestry is made up of many descents: English (39.7%), Australian (34.6%), Irish (13.2%), Scottish (11%), German (6.4%) and Chinese (4.7%). English is the most spoken language here, especially at home.
The three largest industries in Brisbane are healthcare, retail and manufacturing. Other notable industries are professionals, construction, education, public administration, accommodation and food services.
The average unemployment rate in Brisbane is 4.5%, which is .1% lower than the country average. The rate declined by 2.2% since 2020, which is a good sign for the local economy and property market.
According to Department of Transport and Main Roads there are 55 active projects in Brisbane. Some notable projects are Bruce Highway Upgrade, Caboolture Bribie Island Road Upgrade, Carnarvon Highway Upgrade, Coomera Connector, Jointly-funded Australian Government $415 million road stimulus package.
On average there are 20 land releases reported for Greater Brisbane every quarter. New land releases are common in Rothwell & Newport, Samford Valley Bridgeman Downs & Albany Creek, Mitchelton & Everton Park, Collingwood Park, Springfield as well as other areas.