smart mortgage corp logo text
Get a free assessment
Get stuck with your loan application? Drop us a line and get it all solved.
What are you looking to?
purchase a property
refinance existing loans
build a property
commercial loan
Let's talk to a smart mortgage broker brisbane

Australian Property Boom: Lifestyle Trends Fueling Soaring House Prices

Explore the thriving Australian real estate market driven by lifestyle trends, international interest, and a persistent supply-demand imbalance. From Melbourne's cultural allure to Sydney's vibrant lifestyle, Brisbane's ascent, to Canberra's robust apartment performance, discover the evolving landscape shaping the future of Australian real estate.

Australian Property Boom: Lifestyle Trends Fueling Soaring House Prices

A desire for the quintessential Australian lifestyle is propelling a remarkable surge in house and apartment prices across the nation. The combined capitals are witnessing a historic climb in prices, setting new records. Behind the scenes, astute agents are discerning pivotal demographic trends steering the markets to unprecedented heights.

Melbourne's International Allure:

Even in Melbourne, still in the early stages of price recovery, a notable influx of international buyers seeking the perfect Australian lifestyle has contributed to annual unit gains reaching a two-year high. The latest Domain House Price Report for the last quarter of 2023 indicates a substantial 4% increase in unit prices over the year. While house prices experienced a more modest 0.9% rise in the quarter, it still represents the sharpest lift in two years. International buyers, including expats returning from various countries, are drawn to inner-city areas for their excellent schools, vibrant restaurants, and cafes. Renovated houses are particularly favored, reflecting a preference for turnkey living amid high renovation costs.

Sydney's Cashed-Up Downsizers:

In Sydney, particularly in lifestyle-centric areas like the eastern suburbs, inner city, inner west, and lower north shore, house prices have reached record highs with a 2% jump in the quarter. Cashed-up downsizers seeking areas with abundant lifestyle amenities are driving demand. Younger demographics, grappling with a rental crisis, are receiving support from parents keen on assisting them in entering the property market. The scarcity of rental options is prompting parents to aid their children in securing homes rather than moving back home. The market is witnessing an influx of old rentals transitioning to the sales market, as landlords capitalize on the demand, while investors remain cautious.

Supply and Demand Dynamics:

The common thread across major Australian cities is the persisting challenge of limited housing supply. Strong demand, coupled with a delayed increase in available stock, continues to exert upward pressure on prices. While there's a gradual increase in new listings, the supply in certain categories remains below expectations. Buyers, spanning various demographics, are seeking properties based on lifestyle considerations, proximity to schools, hospitals, restaurants, and city access.

Brisbane's Rising Demand:

Brisbane's property market is also experiencing a surge, with house prices reaching new highs after a 3.7% quarterly rise, while apartments saw a 3.9% increase. Interstate migration, constituting approximately 25% of the market, is a notable trend. Demand is strong, and supply remains constrained, leading to record prices. The appeal lies in areas offering a quality lifestyle, robust infrastructure, excellent schools, and diverse dining options. Returning expats and heightened overseas interest ahead of the 2032 Olympics contribute to the increased buyer numbers.

Canberra's Strong Unit Performance:

In Canberra, new unit price records are being set with a 3.5% price rise in the quarter, while house prices experienced a similar-sized drop. Units, particularly at entry levels, are performing robustly, competing effectively with rental prices. Buyers are enticed by the prospect of homeownership given the favorable price dynamics. House buyers, however, exhibit a wait-and-see approach, anticipating the impact of potential interest rate changes.


The Australian property market is riding high on lifestyle trends, international interest, and a persistent imbalance between supply and demand. As buyers seek not just homes but an enhanced way of life, the market dynamics continue to evolve, presenting both challenges and opportunities. Whether it's the allure of Melbourne's cultural charm, Sydney's vibrant lifestyle, Brisbane's rising prominence, or Canberra's unit performance, the Australian property landscape remains dynamic and resilient. Investors and homebuyers alike are navigating these trends as they shape the future of real estate Down Under.

Reference: The factors driving price increases PROPERTY TRENDS - Sue Williams

What our customer says about us
What our customer says about us
I have been with Ivy for 10 years. Ivy always exceeds my expectation and makes me feel my needs are a priority. Her professionalism and knowledge are of an extremely high standard and the communication and efficiency throughout the whole process was above and beyond. More than happy with the service from Ivy and Smart Mortgage and would not hesitate to recommend their services to others.
Yin Zhu
Onsite Manager of Rosewood Heights
My family uses Smart Mortgage to assist with the purchase of our home, investment, properties and commercial lending. Ben Ou, the Manager Director and his team are very experience and have always made our loan processes easy. I would highly recommend Smart Mortgage to my friends and clients who require finance for their properties. I am confident that the Smart Mortgage’s team will look after the customer’s best interests.
Simon Au
RE/MAX Number 1 Sales Team
Having worked with Angela for over 10 years, she has always been very professional and always puts my needs and interests first. Her work ethic is excellent and I trust in her abilities to always provide me with honest advice to help me reach my financial goals. My husband and I have several home and commercial properties with Smart Mortgage and I would highly recommend them to anyone who is looking for a company who truly puts your interests first.
Anh Pham
Manager at Queensland Soy Factory
I have dealt with Smart Mortgage for many years. There have been a few properties I have bought and sold over this period. Angela Duong is the person I have dealt with for my home loans. I have known Angela for over 10 years and have always found her and the staff at Smart Mortgage to provide outstanding services. Buying and selling houses are some of the most stressful things a person can go through in life. Knowing that Smart Mortgage are very professional and committed to the complete process from start to finish is a great relief.
Anne Poulton
Property Buyer
contact us
Having anything in mind? Get more information about your tailored loan.
You might have lots of questions to ask. That's okay. Drop us a line and we will get them all sorted.
I want to know...
the lowest rate I can get
how much I can cash out
should I fix my rate now
how much deposit do I need