If you’re looking to expand your property portfolio, you should be paying attention to the median house price in Brisbane. Several signs indicate that the market is going to explode in value, and you should get in before property prices spike. So, let’s discuss the reasons why the Brisbane property market is where you should be making your next investment.
No1 Property Guide is in the business of getting our clients into their next property. We offer the complete property package. This includes financing, sourcing property and land, all the way up to handing over the keys. Get in contact with our Investment Specialists by filling in our pre-qualification form today to get your new property.
The Rise of The Median House Price in Brisbane
Between 2020 and 2021, the median house price rose by 20.2%! In comparison, the median units price only increased by 8.9% in the same timeframe. In just 12 months, property owners have seen a massive increase in their capital gains. August 2021 alone saw the value of Brisbane houses rise by $14,000.
As of mid-September, the median price was $691,000, with experts saying the area could see even greater growth in a post-lockdown world.
Rising Demand & Low Availability
The demand for houses in Brisbane has risen sharply in the last 12 months. Which has led to the number of available houses dropping significantly. The rental vacancy rate gives an indication of the current housing demand. At the beginning of 2020, the vacancy rate was 2.9%, but currently, it sits at 1.3%. Based on these numbers you can predict that the value is going to go up.
New South Wales and Victoria have seen the worst of the lockdowns in Australia. This has incentivised many people to move out of state and reduced the number of people moving in. The #1 location for interstate migration over the last 2 years was Queensland. This sudden rise in population has seen a huge increase in demand for new accommodation that you can capitalise on.
Experts estimate that Queensland’s population will rise by 250,000 in the next 4 years. This means there’s going to be a huge demand for new housing in the near future. And No1 Property Guide is here to help you get into these growth areas.
A quick look at the median rental price of houses and units is an easy way to get an indication of how profitable the Brisbane market is going to be. The rental price of houses has risen drastically in the past few months. In June 2021, the median rental price was $485, and in just 2 months that price rose to $526! When you compare this to unit rental yields rising from $387 to $396 over the same period, houses appear to be a far better investment.
Our Investment Specialists will help you get into the growing markets and make the entire process of getting your next property easy. To start the investment journey, fill in our pre-qualification form today!
How No1 Property Guide Can Get You Into Your New Home
Being aware of Brisbane’s median house price isn’t just for the investors out there either. If you’re stuck in the rental nightmare, the rising price of housing across the region should be a warning that you need to secure your own home ASAP.
Missing out on your chance to enter the market could cost you the chance of ever owning your own home. Not to mention tens of thousands in capital growth each year! Taking that first step towards owning your own home is a big one, and we’re here to help you take it.
Darren Walters is the founder and director of No1 Property Guide. Utilising his 20+ years of experience in property, finance, and lending policies, he developed his no or low deposit new home system to give renters the best chance possible of escaping the rental market.
He has helped thousands of renters become homeowners, and now it could be your turn. Simply fill in our pre-qualification form and one of our New Home Consultants will be in touch to discuss all your factual options.
Growth of Median House Prices in Brisbane over 20 years
The staggering amount of capital growth seen in the Brisbane property market is enough to make your eyes water. In fact, some of the biggest growth suburbs over the last 20 years have seen more than 400% in growth.
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It’s safe to say that Brisbane is undergoing some massive economic and infrastructural growth. But the city is expanding, and the CBD is no longer the hotspot it once was.
Read more about – Median House Price Brisbane:
- Darren’s Top 6 Tips on How to Invest in Property in Australia
- Use a No Savings Home Loan to Get into Your Own Home
- What’s My Property Worth? – Accessing the Equity in Your Home
The New Property Hotspots in Brisbane
If you’re looking to get into the Brisbane housing market, you should be looking towards the outer suburbs. With the predicted population boom and the constant expanding of the Brisbane area, more people are going to want houses further out of the CBD.
Getting in now, before the demand drives up the price of land even further, means you can get your new property and start taking advantage of those capital gains. And this is where No1 Property Guide comes in to help.
We specialise in building affordable house and land packages and investment properties for our clients. We’ll guide you along the property investment journey and be with you every step of the way. Fill in our pre-qualification form to speak to our Investment Specialists and start the process of getting your new investment property today.
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