CoreLogic Housing Affordability Report | Brisbane

Brisbane property is not as unaffordable as some of our other capital cities. South Bank Brisbane 

Although affordability is strong relative to Sydney and Melbourne over recent quarters there has been a moderate decline in housing affordability.

Median dwelling prices in Brisbane have recorded little growth over recent years and as a result, on all four metrics, affordability has improved relative to five and 10 years ago.

Over the past five years, median prices are 16.1% higher while household incomes have increased 9.2%.

Throughout the 10 years to June 2018, prices are 24.1% higher while household income growth has been stronger at 31.3%.

A1

A2

SA3 Region Dwelling price to
income ratio
Yrs to save a 20%
deposit based on
saving 15% of
household income
% of household
income required to
service an 80% LVR
mortgage
% of household
income required to
rent a home
Bald Hills -Everton Park 5.8 7.7 30.8% 22.4%
Beaudesert 6.1 8.1 32.3% 28.9%
Beenleigh 5.8 7.7 30.9% 28.0%
Bribie – Beachmere 8.6 11.4 45.7% 38.3%
Brisbane Inner 5.8 7.8 31.1% 26.6%
Brisbane Inner – East 6.6 8.8 35.1% 20.3%
Brisbane Inner – North 6.4 8.5 34.1% 22.1%
Brisbane Inner – West 7.2 9.5 38.1% 21.6%
Browns Plains 5.1 6.9 27.4% 25.0%
Caboolture 5.4 7.2 28.8% 26.9%
Caboolture Hinterland 5.8 7.8 31.1% 27.9%
Capalaba 5.8 7.8 31.2% 25.3%
Carindale 6.7 8.9 35.7% 22.7%
Centenary 5.5 7.3 29.4% 22.7%
Chermside 6.7 9.0 36.0% 24.2%
Cleveland – Stradbroke 7.0 9.3 37.4% 29.3%
Forest Lake – Oxley 5.8 7.7 30.9% 26.7%
Holland Park – Yeronga 6.9 9.3 37.0% 22.6%
Ipswich Hinterland 5.2 6.9 27.7% 24.9%
Ipswich Inner 4.7 6.2 25.0% 22.3%
Jimboomba 5.3 7.1 28.3% 22.5%
Kenmore – Brookfield – Moggill 6.3 8.4 33.7% 24.2%
Loganlea – Carbrook 5.4 7.2 28.8% 24.7%
Mt Gravatt 7.5 10.0 40.2% 26.7%
Narangba – Burpengary 5.8 7.7 30.7% 23.9%
Nathan 7.2 9.7 38.6% 23.9%
North Lakes 5.3 7.0 28.1% 23.7%
Nundah 5.7 7.6 30.4% 23.2%
Redcliffe 7.3 9.8 39.2% 31.9%
Rocklea – Acacia Ridge 6.2 8.3 33.2% 24.4%
Sandgate 6.3 8.4 33.4% 25.8%
Sherwood -Indooroopilly 7.2 9.6 38.3% 24.5%
Springfield – Redbank 4.5 6.0 23.8% 22.0%
Springwood – Kingston 5.7 7.6 30.2% 25.0%
Strathpine 5.5 7.3 29.2% 26.0%
Sunnybank 7.8 10.4 41.8% 27.8%
The Gap – Enoggera 6.0 8.0 32.0% 22.4%
The Hills District 5.3 7.1 28.4% 21.5%
Wynnum – Manly 6.3 8.4 33.6% 24.9%

Metropole Property Home Buyers Enquiry
Regional QLD

With significant declines in prices and rents over recent years, there has been a material improvement in housing affordability across regional QLD, although over the quarter housing affordability was little changed.

Over the past five years, regional QLD median prices have increased by 13.5% which is the same increase as they have recorded over the past decade.

Over the past five years, household incomes have lifted 11.4% while over the past decade they are 27.7% higher having well and truly eclipsed price growth over the period.

A3

A4

SA3 Region Dwelling price to
income ratio
Yrs to save a 20%
deposit based on
saving 15% of
household income
% of household
income required to
service an 80% LVR
mortgage
% of household
income required to
rent a home
Biloela 2.4 3.2 12.8% 17.9%
Bowen Basin – North 2.3 3.0 12.0% 17.4%
Broadbeach – Burleigh 7.7 10.3 41.3% 34.4%
Buderim 7.5 10.0 40.1% 31.7%
Bundaberg 5.6 7.5 30.0% 29.2%
Burnett 4.5 6.0 23.9% 27.1%
Cairns – North 5.2 6.9 27.5% 25.9%
Cairns – South 4.9 6.5 26.2% 27.9%
Caloundra 8.1 10.8 43.0% 34.4%
Central Highlands (Qld) 2.3 3.0 12.0% 15.4%
Charters Towers -Ayr – Ingham 3.1 4.2 16.8% 22.7%
Coolangatta 8.9 11.9 47.5% 36.1%
Darling Downs – East 4.3 5.7 22.8% 21.6%
Darling Downs (West) – Maranoa 3.3 4.4 17.8% 18.4%
Far North 5.3 7.1 28.5% 29.0%
Gladstone 3.6 4.8 19.2% 14.3%
Gold Coast – North 7.7 10.3 41.2% 35.9%
Gold Coast Hinterland 7.1 9.5 38.0% 31.0%
Granite Belt 5.1 6.8 27.2% 26.5%
Gympie – Cooloola 6.3 8.4 33.4% 30.2%
Hervey Bay 6.8 9.0 36.0% 34.4%
Innisfail – Cassowary Coast 4.6 6.1 24.6% 26.7%
Mackay 4.6 6.1 24.5% 23.5%
Maroochy 7.9 10.5 41.9% 34.1%
Maryborough 5.5 7.3 29.1% 30.6%
Mudgeeraba -Tallebudgera 7.4 9.9 39.5% 30.3%
Nambour 6.8 9.1 36.4% 31.2%
Nerang 6.4 8.6 34.2% 29.8%
Noosa 9.5 12.7 50.7% 40.0%
Noosa Hinterland 9.1 12.1 48.3% 36.1%
Ormeau – Oxenford 5.6 7.5 29.9% 25.5%
Outback – North 2.3 3.1 12.2% 20.9%
Outback – South 2.0 2.7 10.6% 19.8%
Port Douglas – Daintree 4.6 6.1 24.5% 27.9%
Robina 7.0 9.3 37.2% 36.3%
Rockhampton 4.7 6.2 24.9% 22.3%
Southport 7.6 10.1 40.3% 36.8%
Sunshine Coast
Hinterland 7.9 10.5 42.1% 32.5%
Surfers Paradise 6.9 9.2 36.6% 34.9%
Tablelands (East) -Kuranda 6.2 8.3 33.2% 32.1%
Toowoomba 5.3 7.1 28.4% 23.2%
Townsville 4.5 6.0 23.9% 21.6%
Whitsunday 5.4 7.2 28.8% 30.4%

You may also be interested in reading:

CORELOGIC HOUSING AFFORDABILITY REPORT | MELBOURNE



icon-podcast-large

SUBSCRIBE & DON'T MISS A SINGLE EPISODE OF MICHAEL YARDNEY'S PODCAST

Hear Michael & a select panel of guest experts discuss property investment, success & money related topics. Subscribe now, whether you're on an Apple or Android handset.

 

NEED HELP LISTENING TO MICHAEL YARDNEY'S PODCAST FROM YOUR PHONE OR TABLET?

We have created easy to follow instructions for you whether you're on iPhone / iPad or an Android device.

icon-email-large

PREFER TO SUBSCRIBE VIA EMAIL?

Join Michael Yardney's inner circle of daily subscribers and get into the head of Australia's best property investment advisor and a wide team of leading property researchers and commentators.


Avatar for Property Update

About

Tim heads up the Core Logic RP Data research and analytics team, analysing real estate markets, demographics and economic trends across Australia. Visit www.corelogic.com.au


'CoreLogic Housing Affordability Report | Brisbane' have no comments

Be the first to comment this post!

Would you like to share your thoughts?

Your email address will not be published.
CAPTCHA Image

*

facebook
twitter
google
0
linkedin
0
email

Michael's Daily Insights

Join Michael Yardney's inner circle of daily subscribers.

NOTE: this daily service is a different subscription to our weekly newsletter so...

REGISTER NOW

Subscribe!