Your Property News - March 2025

Since October 2024, we’ve seen an intriguing shift in the Australian property market, marking its first downturn in five years. Interestingly, this downturn appears softer than anticipated, and some experts believe it might represent a healthy correction rather than a significant decline. In this context, Brisbane stands out as a strong contender among Australia’s capital cities, and it’s well-positioned to maintain its positive trajectory into 2025. Tim Lawless from CoreLogic recently outlined the market and projected forecasts at a property professional briefing.

Brisbane’s remarkable growth over the past five years is reminiscent of growth bursts we’ve witnessed during previous decades, notably in the early 2000s, early 1990s, and late 1980s. While current conditions show signs of slowing momentum both locally and nationally, it’s worth noting that the strongest growth is currently seen in the more affordable segments of the market, highlighting opportunities for buyers.

Key factors driving Brisbane’s local market include affordability and supply. As it stands, Brisbane is now the third most unaffordable capital in Australia, trailing only Sydney and Adelaide. Supply levels are currently about 23% below the five-year average, yet they have increased by 2% compared to last year—a positive indicator. The rental market is also experiencing a bit of a slowdown, influenced by returning net overseas migration and a renewed interest in shared living arrangements, with larger households becoming more common. Regarding interstate migration, we’ve stabilised at around 7,000 people moving to SEQ each quarter, which is an encouraging sign for our city.

During the first quarter of this year, we warmly welcomed new owners to 6 Ormond Street, Ascot; 4 Trochus Place, Tangalooma; and 2/37 Orana Street, Carina. Additionally, we’ve just listed 175 Lancaster Road, Ascot, and 27 Sparkes Avenue, Hamilton. Each of these homes beautifully embodies the essence of Queensland living, featuring spacious layouts, classic design elements, and delightful indoor-outdoor connections that ensure maximum comfort for families.

We are thrilled to welcome Liz McSweeney to our team. With over 35 years of real estate expertise, Liz has cultivated strong, trustworthy relationships with her clients. Her 11 years of experience selling luxury apartments off the plan and two and a half years specializing in prestige properties on larger rural blocks make her an invaluable asset. Living in Hendra for 20 years, Liz deeply understands the surrounding suburbs and is well-equipped to offer insights on downsizing.

Are you contemplating your next move? We would be honoured to assist you in making it. 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.

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.