Brisbane Housing Market Insights: June 2021
The Urban Developer’s Brisbane housing market insights for May reveals increased demand for houses and approvals for new units 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
Sunshine Coast Needs New Suburb Every Year to Meet Demand
The Sunshine Coast needs one new suburb every year for the next 20 years to keep up with its surging population growth. A Directive Collective property market update for the booming Sunshine Coast claimed that the region has outperformed Brisbane and the Gold Coast during the past three years. Directive Collective chief operating officer Mal Cayley said the seachange phenomenon was not a Covid-19 “sugar hit” but the start of a “protracted property upswing”. “The housing deman
Australian house prices to rise by 15 per cent this year but slow in 2022
Australian house prices will rise by 15 per cent by the end of the year before slowing to just 5 per cent in 2022, a new Westpac Housing Pulse has revealed. The quarterly report, released this week, revealed markets across Australian capitals are in a “fully fledged, broad-based boom”. Westpac senior economist Matthew Hassan said all aspects of the market were showing outright strength, with turnover 30 per cent above the national pre-COVID peak. Prices are 8.5 per cent above
‘We haven’t looked back’: Qld’s biggest population boom in 16 years. By Felicity Caldwell and Jocely
Sunny Queensland experienced a boom in new residents not seen in almost two decades as families fled COVID lockdowns in southern states in 2020 in search of a better lifestyle. Australian Bureau of Statistics figures reveal Victoria had its first net interstate population loss since 2008 last year, with 12,700 people moving out, while more than 18,800 people left New South Wales for other parts of the country. Queensland has enjoyed a surging population as people flee other s
House Prices Up Again in Synchronised Upswing by RENEE MCKEOWN
House prices are continuing to surge with prices up 14.3 per cent in a year as the national market has a rare “synchronised upswing”. The one thing that could slow the market is affordability constraints and tighter credit policies, according to Corelogic’s monthly home value index. In May, dwelling values rose 2.2 per cent across capital cities, however, this was slightly weaker than March when prices increased 2.8 per cent, breaking a 32-year record. Sydney had the stronges
