Brisbane - One of Australia's Growing Cities

According to Corelogic, almost half of Australia’s cities have recorded a rise in dwelling values over the past 12 months. In comparison to the past five years, half of these regions have recorded a higher rate of annual gain over the past 12 months. This acceleration suggests some acceleration in market conditions over the past 12 months.

While regional cities are more likely to show growth conditions, with 57% of all regional areas recording a rise in dwelling values over the past 12 months; 39% of capital cities have recorded a rise.

According to Corelogic the ‘healthier’ conditions can probably be attributed to a range of factors including:
  • Sustainable growth - More sustainable growth conditions during the growth phase – most regional areas of Australia have seen relatively sedate housing market conditions compared with the heroic gains across Sydney and Melbourne.  The more sustainable history of price growth has kept a lid on housing affordability and made these markets attractive to migrants, particularly those areas where economic conditions are buoyant. 
  • Interstate demand - A ripple of demand has been emanating from the largest capitals towards the satellite cities where housing is generally more affordable and lifestyle factors can be appealing.
  • Increasing investments in the area - Many coastal and lifestyle markets have benefited from a rise in buyer demand, either from those looking for a new residence, second home or investment option.
  • Growth in the job market - Many of the hard-hit mining regions have now levelled out and are now showing some growth.