But such predictions are a “knee-jerk reaction” and competition is actually intensifying, says a popular property investor magazine.
“Brisbane’s real estate market has cooled but it’s still the third-best performing capital city with demand indicators suggesting there’s still plenty of fuel in the tank,” reports Australian Property Investor.
Here’s are the key stats.
Brisbane sales volumes over the past year have increased 7.3 per cent, showing strong interest from buyers despite ongoing economic and cost-of-living pressures.
New listings in September were 0.7 per cent lower than in August and total listings were down 7 per cent month-on-month showing continued tight supply.
Brissie dwelling values grew 0.9 per cent in September with unit price growth (1.2 per cent) outpacing house price growth (0.8 per cent).
In another sign that buyers are seeking good value properties to help with the cost-of-living climate, the most affordable 25 per cent of Brissie properties saw a 5 per cent increase in the three months to August whereas the most expensive 25 per cent saw just 1.8 per cent growth.
Overall, these stats indicate the Brisbane market remains strong and while the pace of price growth may have slowed, it is still moving in an upwards direction.
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