Craig

And in Perth today, sunny blue skies, 27 and a nice hot day in Perth.

Enjoy your day.

Well, it was reported last week by PropTrack that Brisbane now has its first $3 million suburb, revealing Tenerife is the spot to be there in Brisbane with its median house price jumping by another 16% in the past year.

And we have some of prop track data for September showing Brisbane house price growth continues to outperform all other capital cities, rising 24.3% in the last 12 months.

It is not bad what is going on in Brisbane at the moment.

And let's welcome into the real estate breakfast luxury inner city agent Hamish Bowman.

Good morning to you, Hamish.

You're in the right spot, eh?

And that's the point too, coming back to Brisbane outperforming all other capital cities around the country.

They're sort of maintaining that.

Now you're dealing in the luxury end of the market.

What has particularly stood out for you over the last 12 months there in Brisbane?

And I want to ask you how much of a factor, because you're dealing in that luxury high-end stuff, how much of a factor has, for example, somebody cashing out, say an investor cashing out of a rental property, taking the money that they've made, particularly over the last two years, putting that into a luxury pad for themselves?

Is there a bit of that going on with the sort of clients you're dealing with?

And you've got people that are moving, as you say, moving into Brisbane.

You, for example, had a farmer from Rockhampton who decided, right, I'm quitting Rockhampton.

And he bought an apartment off the plans in New Farm.

Tell us about that.

Yeah, and I see that the five most expensive suburbs there in Brisbane, Tenerife that we've mentioned, that $3 million suburb, New Farm at $2.35 million, Hamilton at $2.2 million, Chandler at $2.13 million, and Ascot at $2.12 million.

We talk about the Brisbane Olympics and the property opportunities to take advantage of that.