PRDnationwide Agnes Water

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Brisbane Hotspots - 2nd Half 2017


“Brisbane continues to provide a significant value for money market when compared to Melbourne and Sydney, however affordability for its residents is starting to diminish. That said first home buyers are still able to find affordable hotspots in every pocket within the city. The threat of units oversupply is evident, suggesting the council needs to revise its development plans.”

Tony Brasier (PRDnationwide Chairman & Managing Director).


The PRDnationwide Brisbane hotspots report analyses all suburbs within the Greater Brisbane area, providing valuable insights and highlights of the property market for the rest of 2017 and into 2018. This report takes into consideration the following factors:

  • Sales indicators - the number of sales transactions (suburbs with less than 20 sales are excluded in affordable hotspots and top performer selection) and median price growth between 2016 and 2017 
  • Rental indicators - median rental price, rental yield, and vacancy rates
  • Affordability - the average Queensland home loan, which indicates the amount lenders are comfortable with lending to home buyers. To determine the maximum property price, 40% is added to the average Queensland home loan, which was $325,876  as at June 2017, having increased by 2.0% from the previous quarter.
  • Projects value  - developments scheduled to commence in the 2nd half of 2017, which include mixed-use, infrastructure, industrial, and residential projects. This is key to maintaining growth as it indicates a potential increase in economic and commercial activity; as well as interconnectivity to key transport routes, the CBD, and other major urban business hubs.

Between 2016 to Q3 2017, Brisbane City LGA house median price experienced 1.5% growth, while unit prices softened by -2.2%. Over the same period, Southern suburbs recorded the strongest positive price growth of 9.4% for houses and 2.1% for units while northern suburbs lead to house price growth (5.0%).

The proportion of income required to meet home loan repayments increased to 27.2% which indicates a decline in Brisbane housing affordability. 

The proportion of income required to meet home loan repayments increased to 27.2% which indicates a decline in Brisbane housing affordability.

Brisbane property market continues to offer a highly unique combination of affordability, particularly in the north and south of Brisbane. Brisbane offers great investment return and soaring interest from interstate and overseas property investors. The upcoming 2018 Commonwealth Games on the Gold Coast and other major projects will further increase the media attention and commercial activities in the Greater area of Brisbane, with potential positive spill-over effects on the property market.

For further information on each PRDnationwide Capital City 2nd half 2017 Hotspot Series, please contact research@prd.com.au.

Brisbane Hotspots 2nd Half 2017