EP 165 - Brisbane Property Market Update - July 2023

In this episode of the Brisbane Property Podcast with hosts Melinda and Scott, we provide another concise Brisbane Property Market Update. Brisbane property prices continue to rise for the fourth month in a row, led by detached houses outpacing unit market growth. Despite interest rate hikes and school holidays, the market remains strong, with buyers showing resilience. Auction numbers remained stable, with a slight increase in registered bidders making bids. Supply remains low, making it challenging for buyers to find properties to purchase. Sellers are hesitant due to a lack of confidence in finding another property and a tight rental market. Buyers are making compromises based on affordability, with Brisbane remaining affordable compared to other capitals. Brisbane dwelling values and house prices have increased consistently, while unit values reached a record high. The rental market remains strong, with international demand and rising rents. The Brisbane market is resilient, and further price falls are unlikely. Follow the Brisbane Property Podcast for more insights on the dynamic real estate landscape in Brisbane!