What next for the 'Red Hot' Brisbane Property Market Everyone agrees that the Australian property market right now is red hot. With record auction clearance rates, huge demand and limited supply, there seems to be no end to increasing property sales - and values. The short-term outlook: Any sentiments that the COVID-19 epidemic would negatively affect the housing market are now well and truly banished. According to data released by CoreLogic, since the onset of the pandemic, property prices in Brisbane have increased by 15.5%. For a capital city that has a great lifestyle and economy, Brisbane still offers good value when compared to Sydney and Melbourne. Couple this stat with the so-called ‘sea changers’ fleeing lockdowns and restrictions, and it’s likely that demand and values will continue to rise throughout 2021 and into 2022. This is also why the demand from interstate property investors is high - seasoned investors are well aware that prospects for return are higher in ...
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