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InfoTrack on Claude Cowork

Homebuyers priced out of the Brisbane market again

January 24, 2024

Brisbane suburbs have once again failed to make the list of the most popular suburbs for Queensland house sales, in the latest property report.

InfoTrack’s Property Market Update Q4 2023 has named the suburbs with the highest volume of house sales from 1 October to December 31 last year – and for the fourth consecutive quarter, not a single Brisbane suburb featured.

InfoTrack’s Head of Property Australia, Lee Bailie, said it shows city living is out of reach for many homebuyers.

“Houses are the most popular property type in Queensland, but the reality is, buying a house in Brisbane is expensive, with the median price now well over $700,000. This has led to more and more people purchasing in regional areas,” Mr Bailie said.