Giddyup…Brisbane takes the lead!
Brisbane has taken the lead as Australia’s fastest growing city according to the CoreLogic statistics released today. Having increased in median values by 2.54% in the month October, the Brisbane market outperformed Sydney (1.5%) and Melbourne (0.99%) thanks to affordability and liveability.
Source: CoreLogic 1st November 2021
Across the eastern seaboard, the markets continue to rise, albeit at a slower pace. Affordability remains a challenge for Sydney and as the entry price creeps out of reach for many people, buyers are looking for alternatives, such as higher density living or further afield in places that offer greater value for money, like QLD.
From an opportunistic perspective, the Melbourne market has not had the same chance to recover its economy after experiencing the longest cumulative lockdown for any city in the world! Though once our Australian borders re-open and we receive an influx of migration, the Melbourne market offers employment and infrastructure without the Sydney price tag.
Below are a couple of property examples that our team has approved recently! For more information contact our team on1300 44 99 74.