When interstate migration reached its peak in the early 2000’s, the median Sydney house price was $444,000 and Brisbane was $208,000. You could effectively buy two Brisbane houses and have change left over when compared to Sydney. The September 2021 data is again starting to approach those ratios with the median Sydney house price at $1,220,000 whilst Brisbane is at $680,000.
Read the Full ArticleThe headlines are again generating stories around how the residential property market will correct substantially in 2023 with the rot starting to set in, in 2022.These are from the same banks that forecast significant asset value corrections as a result of the pandemic…the polar opposite has occurred.
Read the Full ArticleThere is a lot that can be said about real estate cycles, particularly when they don’t come around very often. This has been the case for Brisbane’s apartment market which has remained stable in both price and volumes, fluctuating very little over the last decade. Even the investment boom in the middle of the last decade was an improvement on volumes but not necessarily price.
Read the Full ArticleHousing in SEQ has been experiencing quite a sharp upward price profile since the middle of 2020 when the public started to understand just what the pandemic looked like…at that point anyhow. As house prices have continued to escalate, the narrative has again started around affordability, something that hasn’t been an issue for well over a decade.
Read the Full ArticleThere is no doubt that hosting an Olympics Games is wonderful for a city’s morale, improving infrastructure and putting a spotlight on the lifestyle of the broader community. The reader shouldn’t be drawn into the popular press that Olympic games automatically correlate to improved housing prices.
Read the Full ArticleWhat exactly is CPI? How is it measured? Does CPI, in its current form, accurately capture the growing financial pressures facing Australians, particularly where housing is concerned?
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