BRISBANE
While Melbourne and Sydney prices are starting to soften , we ’ re yet to see the same occurring in Brisbane . While historically Brisbane , as a smaller market , follows the two bigger cities , this may not happen to the same extent as previous cycles . There are a number of reasons for this :
1 . Brisbane has been exceptional in being able to attract people during the pandemic , particularly from Melbourne and Sydney . This will partly offset finance driven price movements ;
2 . The Olympics is still some time away in 2032 but is setting Brisbane up to be a globally recognised city ;
3 . The city ’ s construction cycle finished well before the pandemic began and as such , there ’ s a shortage of housing which is showing up in strong rental growth .
With international borders reopening and lockdowns no longer on the horizon , it remains to be seen if Brisbane can continue as such a people attractor . If so , it will set the city up for some great property market conditions over the next decade .
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