THE first signs Brisbane’s housing market may be starting to cool have emerged, but prices have still risen a staggering 27 per cent in 12 months — outpacing every other housing market in the country.
Brisbane was also one of the strongest performers in March, recording home price growth of half a per cent to hit a median of $627,000, while regional Queensland did even better during the month (0.68 per cent).

But the half a per cent growth in Brisbane is actually the slowest monthly result since May 2020, showing some of the heat is starting to come out of the city’s housing market.
“Brisbane peaked late last year and has only just started to slow,” Mr Ryan said.

“Price growth, I would expect, is going to continue to slow, but it’s still got so much momentum over the next couple of months.

“I would expect Brisbane and southeast Queensland regions… to continue to outperform. The infrastructure benefits long-term, the population flows from the south — these areas are ticking all the boxes people are looking for in a post-pandemic climate. I don’t see those preferences changing in the short-term.”
Mr Ryan said the slowing in price growth reflected the likelihood of interest rates increasing later in the year and fixed mortgage rates rising in recent months.

But every region in the state’s southeast has recorded outstanding growth — unlike other states, where certain regions have outperformed others.

Moreton Bay South was the highest performing region in Queensland, recording annual home price growth of more than 31 per cent to the end of March 2022 to hit a median price of $656,000 — up from just $514,000 12 months ago.

As per perspective of Elizabeth Tilley -1 Apr 2022, 9:50am shared on Realestate.com.au