Charts of the week: Quarterly & Annual Capital Growth
The quarterly growth for Brisbane has been very strong.
The annual growth has been outstanding. Climbing along with a rate hiking cycle.
Brisbane and Perth have been the star performers over the previous year.
Most of the growth in Brisbane happened in the second half of 2023, it’s been a stellar financial year (2024-2025) driven by very strong home buyer demand, healthy investor demand and a lack of stock on the market to choose from.
Rising interest rates.. Mortgage Cliffs.. Cost of living pressure. Nothing seems to have caused much distress in the residential market.
Property of the week: 84 Grenfell Street, Mount Gravatt East
A land sale of a vacant 426m2 block in Brisbane City Council.
$815,000. February 2024.
Brisbane City Council land ready to build less than 10k from the Brisbane CBD is in high demand. There aren’t a great many quality sites available and home buyers are prepared to pay up for a quality location. Having a builder ready can be another challenge presently as wait times are long.
At our agency we track land value sales carefully as the land component of a purchase underpins capital growth potential. Benchmarking deals by their land value ratio is a system we have been using for decades to good effect.
A few of the twists which make a land site more valuable include:
* Flat and useable land with regular shape
* Elevation
* Views
* Larger street frontage
* Services well located for the block
* In a pocket where end values of new builds are high
* Approvals already in place for development and building
* Walkability of the location, proximity to transport and commute times
* Quieter, wider and leafy streets
* High quality school catchments
Quotes I’m pondering this week
Julie Andrews – The famous English actress (The Sound of Music)
“Perseverance is failing 19 times and succeeding the 20th.”
“Success is terrifying. Like happiness, it is often appreciated in retrospect.”
