Now, let’s take a stroll down the sun-kissed streets of Brisbane, where the buzz of the city meets the tranquillity of the outdoors. Amidst the ever-evolving Australian real estate panorama, Brisbane is poised for a grand revival in the upcoming fiscal year, with growth expectations by the end of the year actually expected to exceed the forecasted increase of 4%.

To offer some context, Brisbane’s housing market experienced a 6.1% value decline during the uncertain 2022 period. The journey to recovery unfolded steadily, requiring six quarters to ascend from the price trough experienced in March 2023. Standing on one of Brisbane’s iconic riverbanks, it’s easy to envision a return to our optimistic forecast (4%) beckoning, promising to recoup up to $50,000 of the $53,000 deficit incurred during the downturn when looking at average median price.

Furthermore, in Brisbane’s Unit market, renowned for its stability, is projected to embark on a growth trajectory spanning from 0% to 1%, potentially etching a new record high by the end of FY24.