Brisbane’s home values are up over 16.3% and expected to rise further. It is anticipated that Brisbane’s property values are primed to keep rising strongly in 2024.
Over the past 5 years, Brisbane has seen some of the fastest-rising home values in the country, with prices rising by a massive 55.2% since the start of the COVID-19 pandemic.
Brisbane property prices are now at an all-time high, making it the second most expensive capital city in Australia.
Looking further back, over the past 30 years, Brisbane dwelling values have increased by an astonishing 340% which averages around 5.1% per annum, with the highest rate of growth recorded through the middle decade (2002-2012) when housing values were up 74%. Houses recorded a 30-year growth rate of 390%, equating to a dollar value increase of approximately $703,700.