Dr Nicola Powell

Look, absolutely.

It really has been the property price boom Brisbane has been waiting for.

It's actually the steepest upswing for Brisbane house prices in about 18 years and the steepest upswing in 14 years for units.

We're seeing a

in terms of houses outperforming units.

So that's what we're seeing in many of our capital cities.

But we are still seeing really strong selling conditions in Brisbane.

And when you have a look at population growth, Queensland has got the highest annual rate of population growth.

It's been really driven and bolstered by interstate migration.

And we're seeing lots of interest from interstate buyers

uh into queensland when you have a look overall inquiries from prospective buyers over the march quarter they were 37 higher compared to the same time last year and 24 so almost a quarter of those inquiries came from interstate so strong interest still in brisbane particularly from interstate buyers and i think

You know, affordability, you know, while we're still seeing strong rates of price growth, affordability is there in Brisbane when you compare it to some of our other major capital cities, Sydney and Melbourne.

And I think, you know, we have seen many Sydneysiders opt to leave and choose to relocate into lifestyle regions and areas such as Brisbane that offer that better work-life balance, that lifestyle, great weather, but also more affordable housing.

Look, we have seen trends like this before in other cities where, you know, even prior to this upswing, we did see unsynchronized nature of our property market.

So that meant that we had capital cities moving in different directions.

We have seen this before.

I think the unusual part was since the pandemic, we saw a unified property market.

You know, this was a broad based lift across Australia, even into regional Australia.

So, you know, this has happened before.

It's the steepest upswing in 18 years for house prices in Brisbane.