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The population in Brisbane's North is expected to grow by 10,500 people a year out to 2041. Yet there were only 3,324 residential dwelling approved for the 2024 financial year of which only 2,368 were houses.  

With an average household size of 2.61 people this indicates an  shortfall of 1,824 of what is required.   

Given the median asking price is now $750,000 finding houses below $675,000 is pretty near impossible. Particularly in such a great location.

The latest monthly data shows Brisbane rose again by another 1.1% in July and is now up 16% for the year. 

The potential of a rate cut before Christmas is likely to trigger a wave of new buyers with increased borrowing capacity and confidence. So there may be a limited opportunity before prices jump again.
 

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