Perspectives

    A Definitive Macro Overview of Brisbane's Property Market

    Thinking of investing in properties in Brisbane? Perhaps our Market Overview on Brisbane can help you out with your investment plan.

    RealVantage

    • 3 min read
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    Macro Overview of Brisbane

    Table of Contents

    1. Residential Market
    2. Rental Market
    • South Brisbane population predicted to grow at 7.6% p.a. between 2016 to 2031 to reach 23,250 residents
    • South Brisbane and the Brisbane CBD will be offering 68,679 new jobs by 2031
    • Average per capita income of residents in South Brisbane is AUD46,949, 10% higher than Brisbane Average
    Brisbane Macro Overview Graphs
    Upcoming Infrastructures: Source: Urbis, Health Infrastructure: Source: health.qld.gov, brisbaneprivatehospital.com.au, mater.org.au, Education: Source: ucube, privateschoolsguide.com.au, Employment Growth: Source: Urbis, South Brisbane Project Population: Source: ABS, Queensland Government Population Projections, 2015, and Who Lives in South Brisbane: Source: ABS Census 2016

    Residential Market

    • The Brisbane LGA recorded a median apartment sale price of AUD441,900 for the September quarter 2017, demonstrating its affordability over both Melbourne and Sydney’s markets at AUD510,000 and AUD715,000 respectively
    • Apartments in the Brisbane market have shown strength in key investment criteria, recording the highest indicative gross rental yield of 4.6% when compared to Melbourne (4.1%) and Sydney (3.7%)
    • South Brisbane has experienced strong growth at 4.7% p.a. over the last 10 years, above the Brisbane LGA average of 2.4%
    • Settlements within South Brisbane are expected to peak in 2018 at 1,451 apartments. This is then expected to drastically decrease to 718 settlements in 2019 and 195 in 2020 as the number of new apartment launches slows
    Brisbane Residential Market Graphs
    Capital City Apartment Comparison: Source: APM PriceFinder, Median Apartment Price Growth: Source: APM PriceFinder, Apartment Price Premium: Source: APM PriceFinder, and Off-The-Plan Apartment Settlements: Source: Urbis Brisbane Apartment Essentials
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    Rental Market

    • Low vacancy rate of 2.8% was recorded for new apartments in Inner Brisbane
    • South Brisbane has demonstrated long term rental price growth of 4.7% p.a. over the past 10 years ending 2017
    • New and near-new one and two-bedroom apartments in South Brisbane recorded median weekly rents of $450 and $620 equating to premiums of 11 and 24 per cent over established apartments
    Brisbane Rental Market Graphs
    New Vs Established Apartment Rentals: Source: Residential Tenancies Authority (RTA), Realestate.com.au South Brisbane includes postcode 4101 – Highgate Hill, South Brisbane and West End, New And Established Inner Brisbane Vacancy Rates: Source: REIQ, Urbis Apartment Rental Review

    For more insights:

    RealVantage’s COVID-19 Viewpoints and Strategies
    Blockchain in Real Estate Investment: Hope or Hype?
    Deal Sourcing with AI
    Application of Technology in Real Estate Investments
    Australian Residential Market Correction Nearing an End
    REITs or Real Estate Co-Investments?
    The Real Estate Risk/Reward Spectrum & Investment Strategies
    Knowing Your Capital Stack
    Understanding IRR, Cash Yield, and Equity Multiple
    What is Cap Rate?
    What is Sources and Uses of Funds?

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    Disclaimer: The information and/or documents contained in this article does not constitute financial advice and is meant for educational purposes. Please consult your financial advisor, accountant, and/or attorney before proceeding with any financial/real estate investments.