As a real estate agent working on Brisbane’s Southside, I’ve seen firsthand how the property market has evolved in 2024. There’s a lot happening across the city, and it’s an exciting time for both buyers and investors. Let me share some key trends and insights I’ve observed, and what opportunities exist in today’s dynamic market.
One of the biggest factors influencing Brisbane’s real estate market is the steady stream of interstate buyers, particularly from Sydney and Melbourne. The affordability, lifestyle, and weather here in Brisbane make it a prime destination for those looking for more space or a fresh start.
On Brisbane’s Southside, suburbs like Sunnybank, Mount Gravatt, and Runcorn are experiencing high demand. Buyers are drawn to the great schools, parks, and proximity to the city while still enjoying a relaxed suburban feel. It’s also worth noting that first-home buyers are finding value in nearby growth corridors such as Springwood and Rochedale, where prices are more accessible, and infrastructure is expanding.
While Brisbane is still more affordable than Sydney and Melbourne, prices are on the rise, particularly in sought-after areas. Over the past year, we’ve seen a 5-8% increase in property values across many Southside suburbs, especially in those with good transport links or proximity to popular schools.
Suburbs like Holland Park, Carindale, and Tarragindi are prime examples where buyers are willing to pay a premium for larger blocks and established homes. For those looking to invest or enter the market, the key is to focus on emerging areas where growth potential remains strong.
If you’re an investor, Brisbane’s Southside offers some of the most competitive rental returns in the city. Vacancy rates across the Southside are currently below 1%, making it a challenging time for renters but a fantastic opportunity for landlords. Suburbs like Eight Mile Plains, Coorparoo, and Mansfield have seen strong rental demand, with average rents rising by over 15% in some areas.
Given this high demand, investors can benefit from long-term tenants and strong rental yields. For those thinking about getting into the investment market, it’s essential to look for properties that are close to schools, shops, and transport links, as these are top priorities for renters.
One of the reasons Brisbane’s Southside remains so attractive is the continued investment in infrastructure. Projects like the M1 upgrades and the Brisbane Metro are improving connectivity and making once-overlooked suburbs far more desirable. As we gear up for the 2032 Brisbane Olympics, areas along these key transport routes will continue to thrive, bringing more buyers and investors into the fold.
I’ve been keeping a close eye on the Rochedale and Springwood precincts, which are undergoing rapid transformation. These areas offer fantastic value for those looking to invest now and capitalize on future growth driven by new roads, shopping centers, and green spaces.
Investors are finding plenty of opportunities in Southside suburbs that are still developing, but show strong potential for capital growth. Areas like Loganholme, Daisy Hill, and Shailer Park offer more affordable entry points while still being close to major employment hubs and schools.
What’s driving this demand is not just affordability but the solid rental returns and consistent population growth. These suburbs are perfect for those looking to secure a solid investment now and reap the benefits in the years to come.
While the Brisbane market is thriving, there are challenges that buyers and investors should be aware of. Rising interest rates are making it harder for some to secure loans, and construction delays due to supply chain issues mean that some new developments are slower to come to market.
That being said, demand remains high, and properties are still selling quickly. It’s important to work with an experienced agent who understands the local market and can guide you through the buying process while helping you navigate any challenges.
Overall, 2024 continues to be a strong year for Brisbane’s Southside property market. We expect steady growth in both property prices and rental returns as migration remains high, and new infrastructure projects enhance livability.
If you’re thinking about buying, selling, or investing on Brisbane’s Southside, now is the time to act. Whether you’re looking for your dream home or a solid investment opportunity, the market still holds a lot of potential.
As someone who has lived and worked in this area for years, I’m always happy to provide advice and help you navigate the market. Feel free to reach out if you have any questions or need assistance in finding the right property