New analysis from the Hotspotting Price Predictor Index shows that the number of Brisbane suburbs where sales activity was increasing had declined almost every quarter for the past two years.
“This indicates that the Brisbane market peaked in the September 2021 quarter and has been trending steadily downwards since then,” according to the Hotspotting report, published on realestate.com.au. “And that means the decline in the Brisbane market was not caused by rising interest rates – it started six months before the Reserve Bank started to lift interest rates.”
The Price Predictor Index uses rising sales levels as an indicator of future price rises.
For those living here in Aspley, the report is predicting gains, with Aspley classified as a rising market for both houses and units.
Closer to the city, but still on the north, Kedron and Lutwyche houses and units are also deemed to be rising.
Further out, Bray Park and Margate houses are also on the rise.
Check out the list of #12 Brissie burbs said to be on the rise:
- Acacia Ridge – houses
- Aspley – houses and units
- Bray Park – houses
- Chapel Hill – houses
- Kedron – houses and units
- Lutwyche – houses and units
- Margate – houses
- Milton – units
- Rochedale – houses
- Shailer Park – houses
- Sherwood – houses and units
- Wellington Point – houses
Looking to join the rising sales action? View our current listings for sale or talk to us about selling.
