Contrary to what many people may have thought, the Brisbane housing market is booming in 2021. And it doesn’t look like it’s going to stop anytime soon! With the year just over the halfway mark, we thought it was a great time to sit down with Darren Walters, CEO and Founder of No1 Property Guide, and discuss the Brisbane and SE QLD housing market.
No1 Property Guide specialises in no or low deposit new homes across SE QLD, NSW and VIC. Utilising Darren’s 20+ years of experience in property, finance and lending policies, our New Home Specialists are able to help renters escape the rental nightmare and into their own homes. Without needing a large 20% deposit.
Ready to take your first step towards homeownership? Then fill out our simple pre-qualification form. This lets our New Home Specialists find your borrowing capacity and discover all your factual new home options.
The Average House & Land Package Price Has Risen Over the Last 12 Months
One of the biggest changes in the Brisbane housing market is the rising cost of new builds and land. In many cases, the same new house build is $25,000 more expensive today than it was 12 months ago. While land is anywhere from $10,000 – $60,000 more expensive. This is due to a mixture of demand across the state. As well as COVID-19 restricting imports and creating a material shortage for new house builds.
Darren Walters had this to say about the rising costs of house and land packages in Brisbane and SE QLD,
“The Brisbane housing market has seen a major pickup since the pandemic hit. And I think it’s clear to see it won’t be stopping anytime soon. And it’s not just Brisbane, all of SE QLD is affected as well. Suburbs that I have been building in for years, like Ormeau, Coomera, and Logan, have seen a huge jump in value. Especially in the last 12 months.
In fact, one client of mine, who got into her new home in Coomera with just a $1000 deposit, had the value of her property go up by $80k. Before it was even finished being built!
I’ve seen many renters miss out on their chance to enter the market because they chose to wait. And now the value of those suburbs has blown past what they can afford.”
It’s clear to see that the Brisbane housing market is on the rise. So getting in while you can is key. In fact, with the 2032 Olympic and Paralympic games confirmed to be in Brisbane, the forecasts are showing nothing but growth for the better part of the next decade.
Brisbane Housing Market & the 2032 Olympic Games
With news that Brisbane will be the host of the 2032 Olympic games, many property experts are getting ready for the property explosion in SE QLD. According to the Urban Developer, in the period between the announcement and the actual Sydney Olympics (1993 and 2000) property values in Sydney jumped by 60 per cent!
This explosive growth, combined with the recent strength of the Brisbane property market, is showing positive signs for those who already own a home or investment property in the region. But Darren Walters worries for those who aren’t in the market already. As well as renters who aren’t able to save the large deposits demanded by big banks and traditional lenders.
Escaping the rental market was already a tough challenge for renters who couldn’t save a deposit. Big banks and lenders will usually demand a 20% deposit to even consider you for a loan. If you’re looking at a $500,000 house, that’s $100,000!
Not many people have that kind of money laying around. I created my no or low deposit new home system to gives renters the best shot of owning a home. Even if they don’t have a deposit.
However, many renters are hesitant to take that first step into homeownership. Especially if they can’t get their new home in the area they were dreaming of. Many clients have told told me they want to wait to save more, or get that pay rise at work. Sometimes it pays off, and they can afford a better block of land or a larger home. But more often than not it doesn’t. By the time they come back and say they’re ready to take that step, the price of estate or suburb they wanted has gone up 50-100k. And now they can’t afford it.
With the incoming property boom looming, renters need to be ready to take that first step ASAP. Getting into the market when you can is key. Even if it’s not your dream home, you start building equity through capital growth. You can then position yourself to buy or build your true dream home in the future when you’ve secured your financial position.”
The potential QLD property boom is not far away. So getting into the property market as soon as you can is the best way to ensure you’re able to secure your own place to call home. No1 Property Guide specialises in no or low deposit house and land packages. Providing an affordable option for renters to escape the rental nightmare. Even when you don’t have a deposit.
Fill in our simple pre-qualification form to find out how No1 Property Guide can help you achieve your homeownership dreams using Darren’s no or low deposit new home system today.
Getting Into Your Own Brisbane Home Sooner
Whether it’s the growing median house price, the low interest rates, or the upcoming Olympic games, all signs are pointing to a boom in the Brisbane housing market. And the entire South East QLD region. So, it’s safe to say that getting into your own home sooner is the best option!
If you’re ready to take your first step into homeownership but aren’t sure where to begin, complete our pre-qualification form. This gives our New Home Specialists the information they need to discover how we can help you get into your new home. From there, we’ll be in touch to discuss your factual new home options. And then we can begin the process of securing your no or low deposit house and land package.