In this episode of the Buying Your First Home Podcast, Jayden and Simon discuss the latest trends in the Australian property market, focusing on rising property prices in various capital cities. They explore how Brisbane has now become the second most expensive city for housing, overtaking Canberra. The episode also highlights the supply shortages in cities like Perth and Adelaide, and the increasing number of milliondollar suburbs in Brisbane.


Highlights of this episode:


1. Brisbane overtakes Canberra as the second most expensive capital city in Australia.

2. The Australian Home Value Index rose 0.8% in May, marking the 16th consecutive month of growth.

3. Perth, Adelaide, and Brisbane experience significant price growth due to supply shortages.

4. Hobart and Darwin see a decline in property prices.

5. Sydney's property market shows signs of recovery after a prior drop.

6. Brisbane now has 73 suburbs with a median house price of over a million dollars.

7. Formerly affordable Brisbane suburbs are now joining the milliondollar club.

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