Growth factors powering the Brisbane property market; and other headlines

For PropertyGuru’s real estate news roundup, last year was a landmark year for Brisbane, with the Olympic host city briefly taking the silver medal position among Australia’s capital cities in the property price stakes. In other news, the National Assembly (NA) discussed a proposal to revise Vietnam’s 2025 economic growth target to at least 8 percent. Lastly, the first of a two-part report on socialised housing in the Philippines.

John McGrath – Ongoing growth factors powering the Brisbane market

Last year was a landmark year for Brisbane, with the Olympic host city briefly taking the silver medal position among Australia’s capital cities in the property price stakes, The Real Estate Conversation reports. In May 2024, Brisbane’s median dwelling value leap-frogged Canberra to record the nation’s second-highest city median dwelling value, behind Sydney’s gold medal spot. Brisbane last held this second-placed position way back in 1997. The achievement reflected strong price growth over the past four years. Since the start of COVID-19 to June 2024, Brisbane median dwelling prices have soared by a staggering 61.5 percent, compared to a combined capital city price growth of 32.6 percent in the same period.

Vietnam is resolute in achieving 8 percent growth target

The National Assembly (NA) discussed a proposal to revise Vietnam’s 2025 economic growth target to at least 8 percent during its extraordinary ninth session on 14th February. Lawmakers emphasised that this ambitious goal underscores the government’s strong commitment to socio-economic development during the 2021-2025 period and lays the foundation for long-term prosperity. According to VietnamPlus, Prime Minister Pham Minh Chinh acknowledged global challenges, including trade tensions and economic uncertainties, but affirmed that Vietnam must act decisively. Chinh emphasised the need to foster innovation across ministries, businesses, and society to achieve the growth target. He underscored the importance of boosting credit expansion, integrating fiscal policies, and offering tax and fee incentives to support businesses and individuals in production and trade.

Socialised housing in the Philippines (pt1): Understanding the government’s mandate

An important tenet in modern society is the right to housing or shelter. A recognized part of our human rights worldwide, it gives every government and state a mandate to provide adequate housing to even the poorest and most vulnerable people. And a modern-day solution for this mandate is socialised housing, also known as public housing. Socialised housing is a housing project made by the government in some capacity or another to address inequality in quality shelter for different families. These are usually crafted to be durable but cheap, and affordable to buy or rent by disadvantaged families. A good, sustainable housing program tends to help reduce instances of slums or shoddily built private projects in the city. BluPrint speaks to the National Housing Authority’s in-house architect Rochelle De Vera.

The Property Report editors wrote this article. For more information, email: [email protected].