The last time the median house price gap between Sydney and Brisbane was so large was in 2001. With Brisbane’s median house price sitting at approximately $531,000, it is unsurprising that net interstate migration to Brisbane is up 80% from last year.
The last time interstate migration was this large was in 2001. There is a great opportunity for those who hold property in Sydney and to a lesser extent, Melbourne to harness the anticipated Brisbane growth curve and large median house price difference to move their assets to Brisbane.
$534,676Median house price
Annual changes in dwelling value
Brisbane home values increased by 0.18% over the three months to April and are 1.8% higher over the past year while unit values have grown by 1%.
Source: abs.gov.au, Core Logic
Areas of Interest.Our area insights.
Municipality of Moreton Bay
Forecast population growth of 217,000 between 2016 and 2041
121,000 jobs currently provided in the Moreton council region. Projected 66,000 more jobs by 2041
Forecasted household growth of 88,300 between 2016 and 2041