Bremer Valley Property Market Update 2nd Half 2024
Bremer Valley offers a tranquil lifestyle with beautiful natural surroundings and a strong sense of community. Its proximity to Ipswich and Brisbane ensures convenient access to urban amenities while enjoying a peaceful rural setting.
Property Trends
In Q2 2024, Bremer Valley recorded a median house price of $660,000, and a median vacant land price of $293,500. This represents significant annual (Q2 2023 – Q2 2024) growth of 17.9% for houses and 17.4% for vacant lands. Total sales decreased in the past 12 months to Q2 2024, by -22.5% for houses and -48.3% for vacant land, thus an undersupplied market for both property types. This has created a buffer against higher interest rates, which resulted in price growth.
Project Development
Ipswich LGA will see approximately $1.3B worth of new projects commencing in the 2nd half of 2024. The closest one to Bremer Valley is the 10 Astral Court Residential Development - Dahlia at Flinders View, which will add 140 townhouses. Despite several residential developments underway, there are no new stand-alone houses in the pipeline; this will push up prices even further, for all stock types.
Rental Market & Growth
House rental yields were 4.3% as of June 2024, higher than the Ipswich LGA (4.2%) and Brisbane Metro (3.4%). This was due to a 9.0% increase in median house rental price in the past 12 months to Q2 2024, to $545 per week, and a significant 48.0% increase in the number of houses rented (to 37 houses). There is high demand and a competitive rental market, making Bremer Valley an attractive option for investors.
Vacancy Rates & Property Investment
Bremer Valley recorded a vacancy rate of 0.4% in June 2024, well below Ipswich LGA (1.1%) and Brisbane Metro (1.1%). Vacancy rates in Bremer Valley declined in the past 12 months, thus a tighter and competitive rental market. Furthermore, a 0.4% vacancy rate is much lower than the Real Estate Institute of Australia’s healthy benchmark of 3.0%, indicating quicker occupancy of rental properties in Bremer Valley.
