Brisbane’s median value surged from $32,750 in December 1980 to $95,000 in December 1990, $152,000 in 2000, $465,000 in 2010,and $910,000 by March 2025.
Posted by MannerNo7000
Brisbane’s median value surged from $32,750 in December 1980 to $95,000 in December 1990, $152,000 in 2000, $465,000 in 2010,and $910,000 by March 2025.
Posted by MannerNo7000
30 Comments
Just stop eating out /s
Means nothing without other data such as median wages.
My house value barely moved till Covid and then the money printers by the government went Brrrrrrr.
Are you trying to suggest we could see another 50% growth before 2030?
1980 to 1990 was 3x growth
2000 to 2010 was 3x growth
2020 to 2025 is only 2x growth
3x in 10 years
1.6x in 10 years
3x in 10 years,
then 2x in 15 years.
Sounds like we had the slowest 15 years of growth since 80s?
Don’t know why people complain. Just stop eating avo on toast. Easy fix. /s
Imagine if we just cooked from home though we’d be able to buy next year
No one wants to admit the government printing money since COVID and opening the flood gates to migration is the problem aye? Typical tall poppy syndrome where they want to blame people trying to better themselves and invest so others have somewhere to rent and where their Uber Eats can get delivered
There’s no regard for quality either, at some point chickens will come home to roost
What was the source for this?
The house my grandparents bought in 1980 for $50k is currently worth $2.35m (they sold in 2002 for $500k). Under zero illusions as to how fucked the property market is in Brisbane.
A townhouse in my complex sold for $220k in 2020, another sold for $760k last year..
Paid 390k for my place in 2019, now valued at 1.1…. It’s not sustainable. It’s actually scary.
Now do salaries.
Where the fuck are people finding units for 636k.
I think we should bring in more migrants, and less tax for foreign investors that’ll fix er.
What’s new? We seen it go nuts for the last 5 years.
Is this an advertisement for Sydneysiders
Why exclude the correct data from 2010 to 2020?
You can’t group all the other data by decade, except the one decade that doesn’t fit your point.
And the price increases have been even steeper in the last 6-12 months, notably right around the expansion of the federal 5% home deposit scheme…
Some wild times and I really feel for you younger generations. My wife and I are sat comfortably in the top 5%, a home that’s rocketed in value and we can comfortably afford our mortgage.
However I’m seeing the wealth gap of the top 1% outpace everyone at an alarming rate and I can only imagine what its like watching the rest of the landlords do the same whist youre doing everything to get on the ladder.
I also think we are absolutely sleep walking into the impact that AI will have on the job market and everyones wealth, except for the 1% who will do much better in chaos.
I dont know what the fix is but whatever you have at your disposal, use it now. Get fit and work on your demons so you can be a better partner and share those household costs, the single tax is huge. Maybe instead of trying to get a quick shag of tinder, give commitment a try, you might like it.
Hold off on having kids, cut down on drinking so your mental health is solid, put in that extra effort at work so your measly promotion can at least go towards shares…. any compounding effort will help in the long run.
I’d probably hate hearing this advice too and yes things are stacked against you but 1% better every day can get you into a better position to rest from.
If I can help anyone, please reach out.
The insane thing isn’t house prices rising, desirable land is limited so with an expanding population it’s always going to happen.
It’s the fact that apartments are going up at the same rate which is fucked. We’re supposed to just build more of them to keep the prices in check.
Average weekly income growth 1980 – 2025: approx. 1,006%
Inflation 1980 – 2025: approx. 540%
Housing price increase 1980 – 2025: approx. 2,678%
Hoping for a big drop off after the olympics so I can afford my first home in my early 40s 🫠
So we can see the fastest real growth (inflation adjusted) was 2000-2010. That’s when home ownership really started getting away from many people.
To think.. I could have bought a home outright if it were 174k today.. sigh
And prices are about to drop. Australia wide
No way this can keep going right. Houses are clearly more expensive than Melbourne at the entry level. Median incomes are far lower, opportunity, infrastructure, public transport are all worse?
This is not the Australian dream, it’s a nightmare.
It’s all relative though… it’s hard to think it’s fair but