Brisbane’s property market has shown remarkable resilience, even after significant flooding events across south-east Queensland. Interest from both domestic and international buyers remains strong.
Properties in flood-prone suburbs, despite occasional inundation, have historically regained and even increased in value over the years. Between 2011 and 2021, median prices in some flood-affected areas more than doubled.
Graceville and St Lucia initially saw modest declines of 1.5% and 3.7% after the 2011 floods but surged by over 100% in the following decade. West End experienced a 7.5% price increase in the first year post-flood, outperforming Brisbane’s overall market growth.
Domain expert Dr Nicola Powell notes that although floods may hinder sales temporarily, land values and strong demand keep property prices robust in the long term.
PRD chief economist Dr Diaswati Mardiasmo confirms that historical trends show consistent growth even in the most flood-prone suburbs, with expectations for continued gains ahead of the 2032 Olympics.
(Source SMH) (worth sharing)