The Elephant in the Room
The property podcast for the thinking person.

Episodes

Episode 334: The Hidden Forces Behind Brisbane’s Property Boom

Are you curious about the hidden forces driving Brisbane’s property boom? What impact is the upcoming Olympics having on the property market, and is the construction for the games draining resources from other sectors? Beyond these questions, what else could be behind this sustained period of rapidly rising property prices, and is there any sign of a slowdown on the horizon?

Today, we delve into the dynamics at play with Meighan Wells from Property Pursuit. With over 20 years of experience, Meighan offers unparalleled insights into what’s happening on the ground in the Queensland capital. We explore the impact of the upcoming Olympics on Brisbane’s real estate and ask whether the hype around the games is really pushing property prices up? Meighan sheds light on how these dynamics are shaping the current market and what prospective buyers should be aware of.

Beyond the Olympic effect, we examine other factors contributing to Brisbane’s rapid property price growth. Are there deeper, less obvious influences at play?

Tune in to gain a comprehensive understanding of Brisbane’s property landscape and get expert advice from one of the city’s most seasoned professionals. Let's get started!

Episode Highlights:

00:00 - Introduction

01:07 - Who is Meighan Wells?

01:48 - What are the latest trends in Brisbane’s real estate market?

05:18 - How has Brisbane’s real estate market changed since 2020

09:32 - What are the reasons behind the shift towards unit living in Brisbane?

13:54 - How is the tightening of borrowing capacity affecting buyer behaviour in Brisbane?

17:33 - Are buyers' desirability of suburbs shifting due to return-to-work changes?

25:45 - What is the current situation regarding rental availability and demand in Brisbane?

30:50 - How does the trend of multi-generational living affect property ownership patterns?

34:38 - What strategies are first-time home buyers employing to enter the market?

36:33 - What differences exist in buyer behaviour in Brisbane?

41:14 - Data on the nature of property transactions in Brisbane,

42:35 - Is the Olympics truly affecting Brisbane’s property market?

47:58 - How does Brisbane's cultural scene stack up against other cities for expatriates?

50:21 - Meighan Wells’ property dumbo

About Our Guest:

Meighan Wells is the Principal of Property Pursuit, co-founder of the Home Buyer Academy, and co-presenter of Your First Home Buyer Guide Podcast. She developed the REIQ course Acting as a Buyer’s Agent and was the Chairman of the REIQ Buyers’ Agent Chapter. In 2010, she was named REIQ Buyers Agent of the Year for the third consecutive year. A recognized expert on the Queensland property market, Meighan is frequently featured in major media outlets like The Financial Review and Realestate.com.au.

Connect with Meighan Wells:

Resources:

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Chris Bates