1.2% Brisbane falls, but the streets tighten

Brisbane’s unit market is down 1.2% in Q2, but the citywide headline is hiding the real story. • Listings are up 24% year-on-year — the biggest spike since 2011. • National values fell 0.4% in June, the largest monthly fall in three years. • Clearance rates are around 50% nationally, while the cash rate sits at 4.35% ahead of the RBA’s next decision on August 5. • Our system flagged Windaroo, QLD 4207, and Genbrook, VIC 3783 — both moving against their state headlines. The data still says some streets are tightening even when the city average looks soft. That’s why segment-level analysis matters. Download the full street-level breakdown here: https://ripe.house/brief-brisbane Disclaimer: This video is general information only and does not consider your personal circumstances. Always seek professional advice before making property decisions.

minus 1.2%. That's Brisbane's unit price move in the second quarter, so the first quarterly fall in three years. Listings up 24% year-on-year, the biggest spike since 2011. Domain's chief economist says the brakes are slamming on and if that headline scares you off Brisbane entirely, you're about to miss the point. Dashboard, cash rate 4.35%, RBA holds of next decision. August 5, that's 12 days away. The second quarter CPI landed yesterday, July 23, with the June quarter trimmed mean still tracking near the top of the band. Core logic, national values down 0.4% in June, the largest monthly fall in three years. Clearance rates around 50% nationally, the Australian dollar near 70.09 US cents, and overnight our system flagged two suburbs, one inside Greater Brisbane, one in the Dandenong Ranges east of Melbourne, where the local data is doing the exact opposite of the national headline. I'm Jacob Field, your morning brief for Friday, July 24. Today's story is Brisbane and why the headline number is telling you about the wrong market. The Sydney Morning Herald ran it yesterday. Brisbane's once booming property market just had the brakes slammed on. Unit prices down 1.2% in the second quarter, listings up 24% year on year. Domains Nicola Powell, the brakes are slamming on, investors are hiking for the hills. Ray White's Nerida Konispi, properties are accumulating on market, absorption is slowing. The narrative writes itself, Brisbane's boom is over, here's the problem with that number. A citywide unit median is a macro average. It blends inner city towers, older high body corporate blocks and established houses in supply constrained suburbs into one figure. When listings surge 24% and the median falls, that tells you about oversupply and investor panic in specific segments. It tells you nothing about the streets where nothing is for sale. Our system sees the market within the market. While Brisbane listings surged 24%, we flagged a suburb inside Greater Brisbane where the listing count for the past 12 months was effectively zero and vacancy sits at 0.6%. The investors hiking for the hills are abandoning a market that still has structural demand underneath it. That's where the gap is. If you want to know which suburb, hit subscribe. You're first in line every morning. System watch. Two suburbs are tracking flagged overnight, both moving against their state headlines. First, Windaroo, Queensland, postcode 4207 in Logan City inside Greater Brisbane. Our score at the 100th percentile, the top of our system. Median sold price, $482,500. Gross yield, 4.28%. And here's the headline against the Brisbane story. While the city's listings surged 24%, Windaroo barely traded roughly 25 sales since last September. For a suburb of nearly 3,000 people, that is razor thin supply. Vacancy, a 0.6% short-term signal. Owner-occupier rate, 80.4%. A stable, lived-in residential suburb, not an investor tower block. Population, 2,827, growing 7% over three years. Days on market, 16 days fast. Sold prices up 3.3% over the quarter. So while Brisbane's unit median falls 1.2%, this established house market inside the same city is tightening, not loosening. Second, Genbrook, Victoria, postcode 3783 in the Dandenong Ranges, about 65 kilometres east of Melbourne. Our score at the 100th percentile, median sold price, $675,000. Gross yield, 4.43%. Vacancy, 1.1%. Owner-occupier rate, 83.9%. One of the highest stability readings in the system. Population, 2,350, growing over 1