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A Steady Winter for Brisbane

Friday August 11, 2023 ● By Daisy Hicks // Place Estate Agents

"Against all predictions of mortgage cliffs, a potential recession and declining values, Brisbane’s Property Market has displayed remarkable resilience, offering a beacon of hope and opportunity to homeowners, investors, and prospective buyers alike."

- Damian Hackett, CEO


Over the past quarter, Brisbane's property market has seen a steady rise, underlining the city's appeal as an attractive investment destination. Amidst global economic challenges, the local market has shown its capacity to adapt and thrive, with restricted supply across all sectors of the market, keeping residential real estate buoyant.

One of the most encouraging aspects of this rebound is that despite rising interest rates, we are yet to see any indication that homeowners with property in Brisbane's prime markets are being forced into selling their properties, alleviating a significant fear that loomed over the market. This stability and voluntary participation in property transactions have contributed to a steady growth trajectory.

The demand for rentals remains high, driven not only by residents but also by an influx of interstate and international migrations. While rents remain...

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