Brisbane’s real estate market is at a historic peak, presenting a coveted opportunity to sell. According to the latest data from Cotality, the median house price in Brisbane will reach A$1.01 million by June 2025, a surge of 81% from A$558,000 five years ago. This surge in prices not only reflects strong demand but also highlights limited supply, presenting homeowners with the opportunity for lucrative returns. If you own a property in Brisbane or the Gold Coast, choosing a reliable selling partner is crucial. Cheong Mei Australia Property offers free valuations within 24 hours, making it an ideal choice. Whether it’s a strata unit or a detached house with gardens, Cheong Mei can help you quickly convert your property and seize the market’s golden opportunity.
Primarily, population growth is the primary factor driving Brisbane’s hot real estate market. From 2020 to 2024, Brisbane’s population is expected to grow by 9.2%, an increase of approximately 235,000 people, far exceeding the national average of 6%. This is driven by an influx of interstate and overseas migrants, particularly investors from Asia. They are drawn to Brisbane’s warm climate, livable environment, and vibrant economy, generating significant housing demand. Eliza Owen, head of research at Cotality, notes that this influx of migrants has created demand for nearly 94,000 new homes, while only approximately 88,000 were completed during the same period, resulting in a supply shortage. This shortfall has directly driven up housing prices, driving up the value of your property. For example, in popular areas like the CBD and South Bank, demand continues to surge, with many homeowners seeing their property values double.
Secondly, economic policy developments and the upcoming 2032 Olympics have injected strong momentum into Brisbane’s real estate market. The 2032 Olympics will thrust Brisbane into the global spotlight, with an estimated investment of over AUD$1 billion in infrastructure, such as sports venues, transport systems, and hotel upgrades. This will not only create tens of thousands of jobs but also attract a large number of tourists and migrants, further driving up housing prices. Cotality data shows that housing prices in Olympic-related areas have increased by over 15%, with properties in Eagle Farm and Woolloongabba experiencing significant increases. Historically, cities that hosted the Olympics, such as Sydney in 2000, have seen sharp increases in housing prices around the time of the Games. For property owners in Brisbane and the Gold Coast, selling now means locking in profits and avoiding future market fluctuations. The economic impact of the Olympics will last for years, including a booming rental market and commercial expansion, resulting in a higher return on your property upon sale. Cheong Mei Australia Property’s 24-hour valuation service can help you promptly assess these opportunities and develop the best strategy.
Against this backdrop, economic factors are also injecting new life into Brisbane’s real estate market. Queensland’s booming job opportunities and business activity are creating a virtuous cycle. During the pandemic, people migrated from Melbourne and Sydney, viewing Brisbane as a safe haven. Owen states that economic demand in Brisbane has supported housing price increases, with home values increasing by 76.1% over the past five years. This attractive lifestyle and economic vitality make it one of Australia’s most sought-after real estate markets.
Over the past 10 years, Betty has successfully helped a number of property owners sell their properties and earn substantial returns. At the same time, she will continue to invest in more high-quality properties in Brisbane and the Gold Coast through Cheong Mei Australian Properties. The Cheong Mei team specializes in the sale of properties in Brisbane, Australia. We provide free valuation services within 24 hours. Simply submit basic information and our experts will use data analysis to provide an accurate report. This not only saves time, but also allows you to adjust the selling price in a timely manner to avoid market fluctuations. Many owners have reported that through Cheong Mei’s services, the average selling time has been shortened by 50% and the rate of return has been significantly improved. As a Brisbane property owner, don’t hesitate – contact Cheong Mei Australian Properties now to make an appointment for a free valuation and consultation! No matter where you are, our team is ready to help you sell successfully. Call or Whatsapp Betty to start your real estate journey. Choose Cheong Mei to make selling Brisbane properties simple and efficient!
