Brisbane • Growth in the Brisbane market was 6.80% for houses...

Brisbane

• Growth in the Brisbane market was 6.80% for houses and
5.54% for units in the last 12 months.

• It is calculated that there is potentially surplus of stock in
this market, which is likely to be found in the unit markets
of the Gold Coast and Brisbane.

• Affordability in Brisbane is at the limit of comfort. Rental
costs are only marginally better than making home loan
repayments, making it difficult for the median renting
family to save a deposit for their own home.

• The growth cycle in Brisbane has been small and it is now
slowing. However, all properties in this market will not have
advanced in value and it is likely that over 50% of dwellings
have not recovered their losses since the correction phase
commenced in February 2010.

• While sales in the Brisbane market have increased more
than any other capital city in Australia in the past 12
months, activity remains lower than the peak sale period in
September 2003. House sales are only 63% of the peak
rate, while units are 76% of the peak rate.

• Improvement in economic growth is expected over the next
few years, which means well placed properties in Brisbane
that are purchased for the right price present good
investment opportunities.