Brisbane
Population surges
A shortage of homes is biting hard in Brisbane . Population growth in Queensland is the strongest in Australia and at the same time , the value of homes being constructed has fallen by six per cent . At the same time , an infrastructure and non-residential building boom is taking trades away from new homes being built . This is most immediately showing up in rental growth . Advertised rents have risen by 32 per cent over the past two years . However , it ’ s also keeping house prices far more elevated than what you would expect in such a rapidly rising interest rate environment . House prices hit a low in December and are now back to where they were mid-last year .
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