Why Property Prices Will Continue To Be Uncertain.

Brisbane real estate prices have been falling for a variety of reasons. Some of the main factors include:

Oversupply: There has been an oversupply of new properties in the Brisbane market, which has led to increased competition among sellers and put downward pressure on prices.

Economic conditions: The state of the overall economy, including GDP growth and inflation, can have a significant impact on the property market. A weak economy can decrease demand for housing and lower prices.

Interest rates: The Reserve Bank of Australia's monetary policy can impact the property market by making borrowing cheaper or more expensive. Higher interest rates can make it harder for buyers to afford mortgages and decrease demand for housing, which can lead to lower prices.

Slow population growth: Brisbane has not seen the same population growth as other major cities, this can lead to lower demand and prices.

Lack of affordability: The cost of housing in Brisbane has been rising faster than incomes, making it less affordable for many buyers, which can lead to lower demand and prices.

Negative sentiment: Negative sentiment towards the property market, can also affect the market by discouraging potential buyers from entering the market, and encouraging sellers to hold off listing their properties for sale.