{"id":2090,"date":"2020-02-28T11:45:54","date_gmt":"2020-02-28T01:45:54","guid":{"rendered":"https:\/\/www.inspectmyhome.com.au\/blog\/?p=2090"},"modified":"2023-02-28T09:20:18","modified_gmt":"2023-02-27T23:20:18","slug":"brisbane-house-prices-whats-hot-in-2020","status":"publish","type":"post","link":"https:\/\/www.inspectmyhome.com.au\/blog\/brisbane-house-prices-whats-hot-in-2020\/","title":{"rendered":"Brisbane House Prices: What&#8217;s Hot In 2020?"},"content":{"rendered":"<p>Brisbane house prices are on the move in a big way in some suburbs and it appears that Brisbane&#8217;s housing market will grow significantly in the next 3 years.<!--more--><\/p>\n<h2>Hot Property Markets in Brisbane Suburbs<\/h2>\n<p>According to an article by <a href=\"https:\/\/www.domain.com.au\/news\/where-brisbanes-house-prices-are-rising-the-most-923487\/\" target=\"_blank\" rel=\"noopener\">Domain.com.au<\/a> Fig Tree Pocket has seen a jump of 30% in house prices within a year. Other Brisbane suburbs have also seen healthy double-digit growth.<\/p>\n<p>The Brisbane inner-north suburb of Windsor was up 22.1% on last year&#8217;s figures. Wilston saw an increase of 17.5%.<\/p>\n<p>Brisbane suburbs within 5-7km of the CBD or in catchment zones for desirable schools are seeing strong growth for free-standing home prices. These are the suburbs seeing strong, double-digit growth.<\/p>\n<h2>Brisbane House Price Growth In General<\/h2>\n<p>Over all Brisbane house prices are predicted to rise by 8% over the next 12 months according to <a href=\"https:\/\/propertyupdate.com.au\/whats-ahead-brisbanes-property-market\/\" target=\"_blank\" rel=\"noopener\">property expert Michael Yardney<\/a>. He also points out that Brisbane&#8217;s housing prices are 55% of Sydney&#8217;s whilst average household incomes are only 12%. This makes Brisbane very attractive to Sydney buyers who are looking for a sea-change.<\/p>\n<p>BIS Oxford Economics suggest that <a href=\"https:\/\/www.huntergalloway.com.au\/brisbane-property-market-2020\/\" target=\"_blank\" rel=\"noopener\">Brisbane&#8217;s property prices might grow upto 20%<\/a> in the next 3 years as housing affordability, economic growth and cost-of-living factors potentially draw in buyers that may have previously purchase in Melbourne and Sydney.<\/p>\n<h2>Brisbane Apartments Still In Oversupply<\/h2>\n<p>Whilst there is good news for the Brisbane free-standing house market the apartment market is still over supplied. Property valuers m3property have published a report stating that about 1 in 4 new apartment in the Brisbane CBD remain unsold.<\/p>\n<p>This should ease in the coming years as Brisbane&#8217;s population grows. <a href=\"https:\/\/www.macrotrends.net\/cities\/206170\/brisbane\/population#:~:text=The%20current%20population%20of%20Brisbane,a%201.86%25%20increase%20from%202016.\" target=\"_blank\" rel=\"noopener\">Brisbane&#8217;s population<\/a> has growth at 1.92% on average for the last 10 years. This is an average of 41,000 new residents per year.<\/p>\n<p>Rental growth will help resolve this issue and in turn improve rental yields and Brisbane apartment prices.<\/p>\n<h2>Building &amp; Pest Inspections More Important Than Ever<\/h2>\n<p>As demand increases for properties in the Brisbane region you&#8217;ll need to act fast when purchasing a property. It&#8217;s more important than ever to be fully informed about the property you&#8217;re looking to purchase.<\/p>\n<p>We are one of Australia&#8217;s most trusted <a href=\"https:\/\/www.inspectmyhome.com.au\/building-pest-inspections-brisbane.html\">building and pest inspection<\/a> companies. We&#8217;d love to provide you with a comprehensive report so you can be confident that the home you&#8217;re purchasing is a great investment.<\/p>\n<p>Call us or use our <a href=\"https:\/\/www.inspectmyhome.com.au\/booking.html?region=Brisbane\">online booking form<\/a> to get started.<\/p>\n<p>Photo by\u00a0<a href=\"https:\/\/unsplash.com\/@aliceduffield?utm_source=unsplash&amp;utm_medium=referral&amp;utm_content=creditCopyText\" target=\"_blank\" rel=\"noopener\">Alice Duffield<\/a>\u00a0on\u00a0<a href=\"https:\/\/unsplash.com\/s\/photos\/brisbane?utm_source=unsplash&amp;utm_medium=referral&amp;utm_content=creditCopyText\" target=\"_blank\" rel=\"noopener\">Unsplash<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Brisbane house prices are on the move in a big way in some suburbs and it appears that Brisbane&#8217;s housing market will grow significantly in the next 3 years.<\/p>\n","protected":false},"author":1,"featured_media":2093,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5,2],"tags":[],"class_list":["post-2090","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brisbane","category-qld"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Brisbane House Prices: What&#039;s Hot In 2020? 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