The Brisbane property market, like the rest of the city, held its breath earlier this month as Cyclone Alfred loomed. In the days leading up to 8–9 March, there was an eerie stillness. The real estate industry, like many other sectors, came to a standstill. Open homes were cancelled, auctions postponed, and buyers and sellers alike heeded the call to stay safe indoors.
It felt like the city was holding its collective breath.
But what followed was a powerful reminder of Brisbane’s resilience and the sheer strength of buyer demand in the inner north. As soon as the weather cleared and life returned to normal, the local property market picked up where it left off, and then some.
One of the standout auctions that weekend was at 53 Nundah Street, Kedron. A beautiful five-bedroom family home with a sparkling pool and spacious alfresco entertaining area drew a crowd of ten registered bidders. After spirited bidding stalled at $2.1 million, negotiations began. The highest bidder and the seller reached a tentative agreement at $2.25 million, and the property was called on the market.
But in a dramatic twist, another buyer swooped in when live bidding resumed, pushing the final sale price to $2.27 million. For the original negotiators, it was a heartbreaking outcome. We often see this happen. Buyers work hard to reach an agreement with the sellers, only to be outbid by someone willing to go that little bit further. It’s a tough lesson, but also a reminder of how fast things can move in a competitive market.
Later that same day, I joined a throng of buyers at an open home for a three-bedroom townhouse at 2/76 Silvester Street, Wilston. I arrived to find a line stretching all the way down the driveway—over 60 groups turned up to inspect the property. Inside, it was standing room only, with buyers carefully navigating the space while trying to take everything in.
By 5pm that same day, the selling agent had closed off offers. After receiving more than 16, the property was under contract for well above the asking price. This kind of buyer frenzy isn’t uncommon in the townhouse market in Brisbane’s inner north. These homes offer an affordable, low-maintenance lifestyle in prime locations, and that’s a combination many first-home buyers and young couples find hard to resist.
Even at the prestige end of the market, confidence remained strong. At 77 Palm Avenue, Ascot, a high-end home attracted three determined bidders. After opening at a round $4 million, the gavel eventually came down at $4.65 million, proving that even in the $4 million-plus price bracket, quality homes in desirable suburbs continue to draw serious interest.
Fast forward two weeks from Cyclone Alfred, and buyer energy hadn’t faded. Our team watched a tightly contested auction unfold at 1 Murray Street, Wilston, a freshly renovated three-bedroom home on a corner block opposite the train line. Despite its proximity to Newmarket Road and the railway, it still attracted four active bidders. Opening at $1.1 million, the home eventually sold under the hammer for $1.53 million. This underscores just how hungry buyers are for entry-level homes in quality locations, even if they come with a few trade-offs.
These stories aren’t just numbers. They’re moments of hope, heartbreak, and excitement for families, young couples, and investors trying to secure their place in Brisbane’s thriving inner north. What we’ve seen this past month is a market that paused, briefly, for a storm, but came back more confident and competitive than ever.
If the weeks following the cyclone are anything to go by, the Brisbane property market is not just weathering the storms, it’s continuing to grow stronger, fuelled by resilient buyers, tight stock levels, and a deep love for our beautiful city and its lifestyle.
