At the beginning of 2024, the confidence of buyers and sellers increased. Although housing prices continued to rise, the shortage of construction personnel led to a slowdown in construction progress, which in turn affected the supply of new properties. Market demand gradually shifted to the second-hand market, resulting in quite active market trading activities, and economists It is expected that the Reserve Bank of Australia will cut interest rates by 0.25%-0.5% in 2025, which will help increase lending capacity and provide more funds for buyers, making the Brisbane real estate market more active.
On the other hand, in the Brisbane city center area in 2024, investors and owner-occupiers will actively seek higher-quality properties, turning the market focus to high-end housing or other areas with high development potential, among which “Yeronga” in the southern district Areas such as “Runcorn”, “Moorooka” and “Upper Mount Gravatt” are also supported by urban revitalization plans, strongly attracting local immigrants and Australian immigrant families to move to Brisbane. While home prices continue to rise, many potential buyers still face affordability issues. Lower interest rates over the next year or two are likely to boost market confidence and attract more buyers into the Brisbane property market.
Brisbane’s property market is facing a supply shortage. For investors and owner-occupiers, it is important to understand the latest market trends and make informed investment and home buying decisions based on personal needs and goals. If you plan to immigrate to Brisbane, Australia, a city with great development potential, remember to pay close attention to Changmei Australia Property. The Australian head office has a history of 25 years in Brisbane to find ideal real estate investments in Brisbane, a city full of vitality and potential. Contact Changmei Australia Real Estate Betty to help you choose the most suitable property to find your ideal investment in Brisbane, a city full of vitality and potential.
