Brisbane has continued a run of solid growth, with values rising 1.1% in March to be 3% higher through the past three months, adding approximately $25,000 to the median house value in quarter one of 2024. Our home sales have remained solid and strong, which is roughly around 6.2% higher than a year ago through the March quarter.

Our Brisbane property market recovered in October last year from its 8.9% drop in values through the downturn and that prices now sit at a record high thanks to a 14.8% increase over the past year.

Despite the high interest rate and inflation, we are seeing a lot of interstate and international buyers in this market together with our local buyers. It is a seller’s market at the moment, and it is great to see new record sale prices each week.