Blackwall -- close to downtown Brisbane -- currently doesn't have any real estate available online. But there has been a lot of people moving in to Brisbane. Most of the housing in the city is single-building houses, but that's changing, especially downtown. The business district population, for instance, has grown almost 100% in the last 5 years.
One has to wonder about how much property values can go up in Brisbane, though, since the whole city straddles the flood plain of the Brisbane river, with creeks crisscrossing in many areas of the city. This, it is quite vulnerable to major floods. The last bad one was in 1974 as the result of a hurricane. Another of its like is surely on the way before too long.
But, markets can be irrational, and people can be quite short sighted when they need a place to live, find a nice house, and are told nice things by real estate brokers. But what are the insurers doing? I'm guessing the insurance coverage in Brisbane isn't so good when it comes to flood coverage. Because insurance companies aren't as irrational as the housing market and selling prices of such property would suggest.
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