JLL Releases Brisbane Housing Market Report

JLL has released their Brisbane Housing Market report which illustrates that the Brisbane market will continue to stabilise throughout 2019 and into 2020. Supply has fallen subdued and is expected to remain so for several years. Apartment supply has peaked with detached and semi-detached dwellings slowing. Demand also remains subdued especially for investors in apartments, however sentiment is expected to improve as lending conditions ease. Pricing of apartments remains under pressure, however that pace of decline is decelerating whilst house prices has remained generally flat. Rental rates are showing signs of improvement with vacancy rates generally remaining steady.

BPFM’s view on the Brisbane Housing Market remains cautiously optimistic with fundamentals remaining stable. Appetite for apartments, especially those for investors, remain subdued whilst housing demand is likely to improve in the medium term. Furthermore, significant investment in infrastructure including the Queen’s Wharf casino and entertainment district, airport second runway and the cross-river rail as well as key exports including tourism and education are likely to underpin the QLD economy throughout the next several years.

Download the full JLL Brisbane Housing Market report here.