Upload
others
View
4
Download
0
Embed Size (px)
Citation preview
Australia Residential Research | February 2019
1Brisbane Apartment Market – February 2019
OverviewThe Inner Brisbane apartment market will continue to stabilise
throughout 2019, as demand builds and supply is absorbed. Strong
population growth will continue to drive underlying demand,
supported by increased jobs growth and infrastructure spending.
Brisbane apartment supply peaked in 2016, in 2018, supply was
around 27% below that peak. Supply will fall sharply again in 2019
and still challenging development conditions mean it will likely
remain subdued for several more years. Rental vacancy rates for
Inner Brisbane have improved and rental rates have remained
resilient. Apartment values and rents are expected to stabilise as
supply is absorbed over the next 12 months.
•
•
•
•
Economic OverviewPopulation growth, infrastructure spending and jobs growth
will fuel underlying housing demand over the next few years
2
DemandCredit conditions continue to supress investor demand, but
sentiment is rising
Brisbane Apartment Market – February 2019
•
•
•
Source: JLL
3Brisbane Apartment Market – February 2019
SupplySupply has continued to contract sharply over 2018, further sharp falls can be expected in 2019
4
Pricing
Negative price growth continues, but the pace of decline is
decelerating
Rental Rates
Rental rates stabilise, as vacancy continues to tighten
Brisbane Apartment Market – February 2019
5
What is in stall for 2019 nationally?
Gross Rental Yields
Site SalesSite sales volumes remain stagnant, while capital values
continue to decline
Brisbane Apartment Market - February 2019
JLL Brisbane
Hollee Hart Leigh Warner
Brisbane Apartment Market - February 2019