Scarce listings drive Brisbane back to top of national property market
Newly appointed REBAA President and regular API Magazine columnist, Melinda Jennison, provides insight into Brisbane's resurgent property market and its prospects over upcoming months.
Brisbane has reaffirmed its position as the leading capital city unit market over the past three months. (Image source: Shutterstock.com)
Brisbane has once again secured its position as Australia’s fastest-growing capital city market based on monthly data for August.
The main driver of price growth is the combination of limited property listings and strong buyer demand. This competition among buyers for a limited supply of properties continues to push prices upward.
Since the national market hit its lowest point earlier this year, Sydney has led the way with a price increase of 8…
