QLD Brisbane Property Market Update - January 2021

For anyone interested in reading about what is happening in the Brisbane Property Market, our latest Brisbane Property Market Update is now available:

Brisbane Property Market Update January 2021

 

The very surprising thing to me which is excellent news for investors is how low the vacancy rates are across the entire of Brisbane.

Every single council is <=1.9% or lower. How amazing is that? Excluding the CBD which has also experienced some reductions but I've never seen the Brissy rental market so hot. I'm not complaining here as I just resigned 2 properties for 24 months leases with $10 increases on each.

Every single day my confidence in Brisbane and surrounds are growing exponentially in terms of growth we are going to experience up there in the next 1, 2, 3, 4 and 5 years. 10-15% increases per year compounded will add up very nicely for all of us.

 

Great article! It was good to see the actual figures around interstate migration.

 

I'd say, it was just a few months ago, maybe even less than 3, that we (PC) were talking about false starts in Brisbane. The pace with which its heating up is nothing short of astounding.

 

Yeah, 3 years after the peak in Sydney it still hadn't arrived...I was starting to wonder if I had read things wrong.

 

To be honest I always had faith that it would pick up at some point....but again, its the pace of it, like 0 to 100 overnight. No slow buildup, no forewarning. That, I didn't expect.

Pretty chuffed about it obviously and glad I had my fill back in 2012-2014.

 

Yeah it sucks that I've had to pay 5+ years of interest but I have to keep reminding
myself that 5+ years of interest on a huge pre-apra amount is better than 0 years of interest on a tiny little post-apra amount. It's a real mind game this is.

 

Blast from the past! Median Brisbane house price end 2009 $535,000. https://www.brisbanetimes.com.au/na...e-price-surges-past-500000-20100308-pqt3.html
End Jan 2021 median is $583,902 up 4.9% from a year earlier according to the post above.

 

So we've had 5% growth in 12 years?!

 

The funny thing is that I purchased a below average to average house in mid 2009 for $435,000. It may have been about $80,000 below the median price at the time. I followed some advice at the time to purchase under the median price for best growth prospects. I Just sold for $606,000. I'm trying to get my head around the stats!

 

@ Jaybean, I did hold a townhouse in Waterford for around 12 years. I sold it around 5 years ago, purchase was $185,000, sold for $235,000. That hurt!

 

I was going from the post on top of this page, it said houses only

 

I had one that nearly doubled but there's a very different story behind that. The rest of them have been going up roughly in line with inflation. Painful.

 

Ha yes! I deleted my post as realised I was wrong but you quoted it first. I really though the Brisbane median was higher than this, anyway, it will be soon