Brisbane Market Update

Brisbane’s property market continues to thrive, with apartment prices setting new records and showing no signs of slowing down. Projections indicate an impressive growth rate of 8.2% per annum for both FY25 and FY26, reflecting a robust and dynamic market environment.

The past year has been particularly noteworthy for Brisbane’s dwelling values, which surged by 13.1% in 2023. This significant increase underscores the city’s growing appeal and the strong demand for properties. With no indicators of this trend slowing down, Brisbane’s real estate market remains a hotspot for investors and homebuyers alike.

Taringa has emerged as a standout performer. Unit prices in this area have witnessed a remarkable 12.8% increase over the last 12 months. Taringa’s strong growth can be attributed to its desirable location, excellent amenities, and the overall attractiveness of Brisbane as a place to live and invest.

Despite the rising prices and strong demand, there has been a noticeable decline in apartment approvals. Recent data shows a 2.1% month-on-month decrease in approvals, indicating the lack of supply in the Brisbane market will continue.

The future of Brisbane’s property market appears promising, with continued growth anticipated in the coming years, The expected annual growth rate of 8.2% for FY25 and FY26 highlights the sustained confidence in the market. However, the declining rate of apartment approvals could pose challenges in meeting the high demand, potentially leading to even more competitive market conditions.

Beatrice Residences, Taringa provides you with the perfect opportunity to secure your new home at today’s prices. With just 9 expansive residences available, 4 of which boast 4 car garages, this one-of-a-kind collection of 3 & 4 bedroom homes offers all the conveniences of a terrace home while providing the exclusivity and privacy typically found in a freestanding home.