Brisbane: A Thriving Property Market in the Land Down Under

When it comes to property markets in Australia, Brisbane often flies under the radar compared to its more well-known counterparts, such as Sydney and Melbourne. However, those in the know are well aware that the Queensland capital is a great place to invest in property, with a stable market and moderate growth in prices and rental yields.

As the most populous city in Queensland and the third most populous city in Australia, Brisbane offers a diverse range of property options for buyers and renters alike. The median house price currently sits at around $799,000 AUD, while units come in at a slightly lower median price of $539,000 AUD (PropTrack December 2022). These prices may seem high to some, but it’s important to remember that Australia has a high cost of living in general.

For renters, the market in Brisbane is just as strong. The median rent for a house is around $530 per week (CoreLogic December 2022) makes the city an attractive option for those looking for a place to call home or for investors looking for rental properties that will provide a steady income.

As always, it’s important to do your own research and consider your own personal circumstances before investing in any property market. However, one thing is for sure, Brisbane’s property market is definitely worth a closer look.