Brisbane Real Estate – Homes – Apartments – Land – Units

admin — Tue, 18 Dec 2007 00:58:23 +0000

Brisbane Real Estate -Queensland. The property market has taken off over the last 5 years and as Brisbane continues to grow the outlook remains positive. Demand for inner city units and apartments is still very strong. Trying to find a cheap house around the inner suburbs is quite a challenge, as you move out of the city then prices are more affordable and availability is not so much of an issue. Brisbane has in the past been a cheaper option that the other Australian capitals but this has changed and the average house price are no longer the bargain buys of the past.

SE Queensland is growing at an alarming rate, the demand for housing is well above the rate of supply and the demand for rental properties is is growing, good rental returns are bring investors back into the market and the cycle continues. With the Sunshine Coast to the north and the tourist magnet the Gold Coast to the south Brisbane has a lot to offer for those looking for the city lifestyle and the opportunity to hit the beaches on the weekends.

Brisbane Sep quarter median  % change Jun 07 – Sep 07
% change Sep 06 – Sep 07

House Price  $383,500 +4.7  +16.2

House Rent (3 b/r) $300 pw  +3.4  +5.3

Unit Price  $330,000   +6.5  +17.9

Unit Rent (2 b/r)  $290 pw +3.6  +11.5

Vacancy rate   1.6 +0.1  -0.1

Fastrealestate » Brisbane

Brisbane Real Estate – Homes – Apartments – Land – Units

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