How is bursting Brisbane's population shaping the property market?
Brisbane’s property market continues to be among the fastest growing in the country and with the population swelling and the city bursting at the seams, there's little sign of that real estate market cooling.
The influx of people into Queensland has had a profound impact on the real estate market and housing as a whole. (Image source: Shutterstock.com)
Brisbane’s Olympic-city status is catching global attention and attracting migrants looking for jobs, while domestic and interstate buyers flock towards the city’s affordability.
This rampant population influx is squeezing stock levels and vacancy rates, and driving property prices higher.
Brisbane’s population growth drove another 1 per cent rise in property prices in January
and 14.8 per cent in the past year.Vacancy rates in greater Brisba…
