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HS Brisbane Property
0419 782 133
+61 (0) 7 3254 0888
sales@hsbrisbaneproperty.com.au
PO Box 15301
Brisbane City East
Queensland 4002
Australia

What's the media say?

Hot on the back of last week's 'Momentum in the market: Brisbane & Qld' Market News the press was backing this up with latest statistics and also forecasts.

Here's what they've been saying :

House prices rose 1.5 % in Brisbane during August, according RP Data Rismark's Australia Hedonic Home Value Index, which lead the Courier Mail to write:

'House values on rise - Brisbane growth nation's strongest'

Brisbane's property market has recorded stronger growth than any other capital city in Australia during the past month, according to the latest figures.

What this means is that during the quarter values were up 1.7 per cent and are 2.5 per cent higher than they were at this time last year.

RP Data research director Tim Lawless said the Brisbane result was the most significant. He said it was a good sign for the spring selling season in the Queensland capital.

Brisbane's housing market has been underperforming since the onset of the global financial crisis, with home values still almost 10 per cent lower than their previous peak, which was in November 2009.

Mr Lawless said the strong August result, across all property types, could potentially "mark a positive turning point" for Brisbane's housing market.

Mr Lawless tipped that spring would result in strong results due to fewer new listings being added to the market nationally.

"Housing marketing conditions are looking set to provide what could be described as a near-perfect spring season with the number of homes currently available for sale about 15 per cent lower than a year ago," he said.

Herron Todd White September report forecasts the following for Brisbane:

At the moment we really are the cheap-as-chips capital. Our fundamentals are good in south east Queensland – we still have the weather, the ready access to beaches, reasonable employment numbers and we've won the State Of Origin eight times in a row. What we also have is comparatively affordable real estate when you look at all the other big towns. If history is set to repeat, than it would be fair enough to think we might start to see some reasonable growth going into 2014, particularly as the election will be well and truly behind us. In terms of what to look for, the first port of call is to stay as blue-chip in location as possible.

Although the Courier Mail article reported on house prices, not CBD apartment prices, it appears than the sentiment towards the Brisbane property market is definitely on the up across the general market.

"Brisbane is widely tipped for growth, with 38.6% of readers tipping the capital in Wednesday's poll to be a key growth region", reported Property Observer magazine on the results of their online national reader survey, backing up the general positive consensus in the marketplace about Brisbane.

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