Is Brisbane property still hot for interstate buyers?

Advertisement

Realestate.com.au published an article claiming that interstate buyers are reshaping Brisbane’s inner‑city property market, with new relocation data from removalist platform Find a Mover (tracking over 250,000 moves) showing Melburnians and Sydneysiders are driving a wave of moves into Brisbane’s most expensive suburbs.

According to Real Estate Buyers Agents Association of Australia (REBAA) president Melinda Jennison, buyers from Sydney and Melbourne arrive with more equity and they often come from higher‑income labour markets, which gives them greater purchasing power than Brisbane locals.

This is pushing locals out of premium inner‑city suburbs and into more affordable outer‑northern areas.

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:
Cancel at any time through our billing provider, Stripe
About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.
Advertisement