Brisbane Property Market Update - August 2024

Join Melinda Jennison, Managing Director of Streamline Property Buyers, for the August 2024 Brisbane Property Market Update. This month, we analyse the latest market data to give you a comprehensive overview of Brisbane's property landscape, including both the house and unit markets.
Discover current trends for listing volumes, auction clearance rates, and price growth trends. We discuss why Brisbane's unit market is outpacing the house market, with a 1.9% increase in unit values compared to a 1% increase for houses.
Learn how affordability and limited supply are driving this trend, and why Brisbane continues to see strong buyer activity despite higher interest rates.
🔹 August Update Highlights:
- Listing volumes up 5.15% month-on-month, with new listings showing a 9.31% increase year-on-year.
- Auction clearance rates stable at 61.8%, reflecting sustained buyer demand.
- Brisbane’s median dwelling value now ranks as the second highest among Australian capitals.
- Units and townhouses outperform houses, with significant price growth in more affordable market segments.
Our update is a must-listen for anyone involved in buying, selling, or investing in Brisbane property.
👉 Tune in for a detailed breakdown and stay updated with the most recent trends. Make sure to like, subscribe, and hit the bell icon for notifications on our future market insights!
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[@almir645]

Thanks for the video. I have seen a big jump in Paddington entry level prices 1.6m to 2.2m So as Bulimba and St Lucia. Is there ripple effect from cheaper end finally going to that higher end properties?

[@lukem2260]

Who knows ,pockets of logan jump more than others as well. I think it will all catch up ..qld is so far behind still in general