Brighter Buying

Market Update: Brissie growth tops the charts for third month running

by Justin Watt, CEO 10 February 2022

Brisbane property values have achieved a chart-topping performance for the third month in a row.

In the month of January we clocked up a further 2.3 per cent increase according to CoreLogic data, which is the fastest growth of any capital city in Australia.

This caps off a 12 month change of more than 30 per cent, and pushes our median house price above $800,000.

Our unit market has also seen growth, but at a slower pace, clocking up 12.7 per cent growth over 12 months to push the median value to $458,149.

What’s driving the growth?

Affordability and fewer houses on the market are two key aspects, reports Smart Property Investment.

Total listing volumes – that’s the number of houses for sale – were down 37.6 per cent in January compared to the same time last year. January often gets off to a slow start, but listing volumes this year are below Brisbane’s five-year average.

Time will tell if we clock up another chart-topping performance in February, but for those looking to make a move, it seems Brissie is in for a healthy performance this year.

Looking to make your move up the property charts? View our current listings for sale or talk to us about selling.