3 Levels in the Heart of the city

222Location second to none.A stunning contemporary 3-level terrace home at the height of design sophistication. Each room has natural light enhancement, creating plenty of flexibility for the evolving needs of the modern life. The design allows for full-floor living...

Multiple Offers on YOUR Property!

 What happens when you’ve found ‘the one’? No, not your future wife or husband, but the place that you could call home? This is the property that made those 37 weekends of endless trudging around the open home circuit worthwhile. No weekend BBQs for ages, no...

Welcome to 2017…aahhh…2022

Where are you now? Have you moved forward to 2022 or are you still back in 2017?Another new year, more goals, another birthday this year and for some dreams coming true, yet for others, dreams still on hold and consigned to the New Years resolution list……..again. So,...

You Heard It Here First

You Heard it here only a few months ago!     For the last few months our good friends (not), the banks, have been slowly pushing up the rates on fixed term loans and yes, you guessed it, all the other rates will probably follow in the very near future....

How Busy Has It Been?

Wow! Has this year been super busy or what? Who would have thought that we would see a market like this in our lifetime and especially riding the back of a global pandemic? As far as property searches go, some people are just “over it!”.Having said that, there are the...

Do You Buy Now or Drop Your Standards Later?

Choices are getting difficult.For the moment at least, choices are getting harder to make. If you’re trying to keep up with property prices by working harder and saving more, you’re currently fighting a losing battle. Right now, you’d be flat out keeping pace let...

If It Ain’t Broke, Don’t Fix It

This age old saying in the vernacular also works with mortgages. But why? Fixed interest rates on a home loan are often higher than variable rates, but it’s all dependant on the global bond market. Fixed rates are funded by the global bond markets, meaning the bank...

Why Haven’t Prices Plummeted?

We’ve got Covid, a recession and had lockdown all over the place, but property remains strong and seemingly getting stronger?We all remember the dire predictions in the press this time last year with most property pundits espousing everything up to a total collapse of...

How Many Property Booms Have You Missed So Far?

You can count them on this graph.Personally, I haven’t missed any since 1998. Can you guess why that is? The reason is because I bought my first property in 1998, so I’ve had my toe in the water ever since then. Sure, there have been a couple of slower periods in that...

How Fast is Your Dream Slipping……Ahh…..Powering Away From You?

Have you been keeping a close eye on the market lately? Haven’t we all! It’s hard to believe some of the crazy things going on at the moment. This makes it all the more important to take action so you don’t see your dreams like you see a jet fighter…………disappearing... #main-header, #top-header, #main-footer { display: none!important; }

At the start of the year, many ‘experts’ were making the point that growth in SEQ would slow from the 20+% figures we saw last year, to around 10%. Even back then, I begged to differ. I still beg to differ.



Let’s have a look at three big factors driving the SEQ property market, which aren’t necessarily the only ones.

Source: CoreLogic

ONE: Climbing down off the super crazy Covid, FOMO market.

Looking at Brisbane’s first quarter figures; values increased by 5.7%. Let’s subtract 5.7% from the experts’ 10%…..= 4.3%. So, we now have three quarters of the year left to increase prices by significantly less than the first one quarter. Personally, on current trends, I could see that happening in a few months. I’m thinking an increase of at least 12-15% for the year. We’ve got until at least the end of the year, maybe more, to run out of this crazy market effect……interest rate rise or not.

TWO: Immigration.

We all know that the “Mexicans” have been moving one or two borders north up to the Sunshine State for many years. Currently, they are arriving in higher numbers.

As for the rest of the world, net overseas migration is forecast to increase to 41,000 in 2021-22, 180,000 in 2022-23, and 213,000 in 2023-24, before returning to normal at around 235,000 in 2024-25. This naturally will be spread across more than SEQ, but we will get our share for sure. As can be seen here, this is going to take 3-4 or maybe even 5 years to normalise. All those with approved visas who couldn’t get out here before…….now they can.

Some say we’ve gone “off the boil”. A bit……maybe, but all I’ve seen of this is that instead of 45-50 groups showing up at open homes, we’ve only got 25-30. If we hadn’t just experienced the super crazy market of the last two years, we’d all be “aahing” and “wowing” about “30 groups!! How hot is the market right now”? Offers are still going in at the first open home at well above the asking price in most cases.

Add the “Mexicans” to the rest of the world coming over and then have a good think about what is going to happen to the numbers of property buyers showing up at the open homes, that are still waaaay above normal. They’re all going to need somewhere to live.

Three: The Olympics

2032. Isn’t that going to ramp up the property machine in Brisbane? The rest of SEQ will likely be following along on the heels no doubt with various events located all about the South East. Let’s look at what happened to Sydney in 2000. About five years prior, the property market started to warm up, with buyers getting in to take advantage of the Olympic size crowds, who would all need accommodation for the duration. That didn’t stop until 2 years after the Olympics, when many visitors probably thought that this was such a good place they would come back to live.

The long and the short of it is that, I can see property in South East Qld moving forward for many years to come. Maybe even right up to 2034……two years after the Olympics. Sure, there will be areas that plateau and some areas that will continue to fly ahead of the rest, but that is always going to happen with differing socio-demographics. The main thing is that you are in the mix. If you want to find out how to get in the mix, give us a call at PPBA before you do anything else.

We can make sure you’re in the right mix.

Call us now for an obligation free chat.

0490 020 801

Subscribe to Our Newsletter