Your Property News - February 2025

The Brisbane property market has taken us on an incredible journey over the last four years. Since COVID, it’s been like riding a thrilling ascent of a rollercoaster, rising year on year. While early 2024 predictions didn’t exactly hit the mark, one thing has been crystal clear: supply has played a pivotal role in shaping market dynamics and will continue to do so.

Remarkably, even after twelve interest rate increases, the Brisbane market has shown incredible resilience. The CoreLogic home value index reflects this strength with double-digit growth over the last 12 months from double-digit growth the previous year. The percentage change in house prices in Brisbane increased by 10.1% in 2024 and 11% in 2023, as reported by CoreLogic. This consistent trend is a testament to the market’s stability and potential, instilling a sense of confidence and security in our audience.

In our neighbourhood—Ascot, Hamilton, Clayfield, Hendra, Kalinga, and Wooloowin—house prices have steadily climbed. From October 2023 to September 2024, 414 homes were sold, a decrease from 456 the previous year. In 2021, there were 704 house sales during the same period. In general, Seller sentiment is: Where do I go if I sell? Buyer sentiment is: What work, if any, is required, as I can’t access trades?

Units and townhouses have become “hot” property due to their affordability. We have seen prices rise very quickly, with unit prices increasing by 18% in 2024. The median unit price in Brisbane now sits at $669,254, appealing to investors who benefit from the current gross yield of 4.5 percent in the unit sector, according to Australian Property Investor.

Across the board, Brisbane property prices are expected to increase in 2025, with some forecasts suggesting a rise of 6–14%:

ANZ Bank: Projects a 6.4% increase
SQM Research: Suggests a more aggressive growth scenario of 9–14%, potentially reaching a median dwelling price of $862,000 to $912,000

If you want to find out more about our local market, we have just completed Our Property Market 2024 report. If you’d like to receive a copy, please email or call, and we will forward you our analysis of our local market as compared to last year and five years ago.

So, when should you sell, buy, or invest? The best time is whenever it feels right for you! This reassurance empowers our clients to make decisions in the property market, putting them in control of their next move.

We would be thrilled to assist you in making your next move. Whether you’re looking to buy, sell, or invest, we’re here to provide expert guidance and support. Let’s navigate the 2025 property market together and make your real estate goals a reality.

Amanda Butler
Principal
0438 767 439
[email protected]

In our Clients words

Amanda did a great job selling our property and we are very happy with the entire process. We knew our property (holiday home on a remote island) would appeal to a limited field of qualified buyers. The strategy which Amanda adopted and the flow of information back to us was of a very high standard.