Brisbane couple land their first home after 15 years of renting – realestate.com.au

News Corp Australia Network

Alice Fisher and Jade Hyde with their kids Riley Hyde 5yrs and Thomas Hyde 2yrs, Jade and his family had assistance from their family in order to break into the competitive Brisbane property market, Goodna, on Wednesday 6th September 2023 – Photo Steve Pohlner

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A Brisbane couple has finally been able to buy their first home after renting for 15 years, and could not be happier to have escaped the worsening rental crisis.

Jade Hyde and Alice Fisher and their young family were becoming increasingly stressed as they watched their weekly rent continue to rise as they looked for somewhere to buy a home.

The pair recently secured their first home in Collingwood Park after renting in Goodna, which has been named by PropTrack as one of the most affordable suburbs in Greater Brisbane to lease a house, with a median rent of $430 per week.

Mr Hyde said he had been renting all of his adult life and there had been an enormous increase in rental prices in recent years.

“We’ve gone from paying about $450 per week to now around $800 per week. It has always been a dream of mine to own a home and in the long run it’s going to cost my family less,” Mr Hyde said.

“In Brisbane we applied for a heap of houses and only got the one offer, we got pretty lucky.

“When you go and inspect a house it’s 20-30 people going to look at a home ad it’s why the price has skyrocketed.

Mr Hyde and Ms Fisher said they moved to Brisbane from Canberra for work in search for a better life for their family but despite Ipswich being more affordable than other places around South East Queensland they were only able to break into the market with the help of a family member.

“Honestly, I don’t think the Great Australian Dream of owning your own home is obtainable, without the assistance of my father in law we never would have been able to afford it,” he said.

“We have two young kids and animals and finding a house was pretty difficult, the market is very competitive.

“My Mrs wanted to have a bigger house and a bit of land and high traffic volume was a concern to her.”
Mr Hyde said buyers are getting more bang for their buck in Brisbane in comparison to other capital cities around the country.

“We were drawn to Brisbane by the area, this side of town was more reasonably priced for us,” he said.

“Now that we’re going to have a backyard my daughter said to me, can we get a horse? I think that will be one on the list for later on.”

Brisbane’s rental vacancy rate dropped 0.05 percentage points in August to just 0.8 per cent, with the share of rental properties vacant and available now 59 per cent lower than at the start of the pandemic.