Property prices have gone from strength to strength in Sydney and Melbourne, and now the gloss is rubbing off onto Brisbane.
The latest Coronis data reveals an increase in demand in property, with more people enquiring about south-east Queensland properties and showing interest in open homes.
As more people choose to call Brisbane home each year, it signals growing confidence in the local property market, Coronis managing director Andrew Coronis said.
“Over the past month, there was a large increase in property enquiries to 8,907 from October last year, and it comes as no surprise with some major developments coming to Brisbane and more people moving from other states and overseas,” he said.
“Our agents have been busier than usual, with the 10 per cent year-on-year increase in open home attendees, which is the best result for October since 2016... it’s a testament to everything that Brisbane has to offer for people looking for their ultimate Australian dream.”
The River City has become a hub of development, and as a result, it has seen an expansion in job opportunities, cultural activities and entertainment. Mr Coronis believes that with its sunny weather and access to pristine beaches, the city has something for everyone.
“With the decreased number of listings on the market and the growing demand for properties and open homes, now is the time to put your property on the market before Christmas to set your property up for success,” he said.
“With softening interest rates, lending restrictions, and first home buyer schemes, [south-east Queensland] is a land of opportunities for everyone wanting to get into the property market... this only adds to the buyer confidence, and I think we’ll be seeing more people realising their property dreams in the Sunshine State.”
Source: Lyall Russell, realestatebusiness.com.au, November 19, 2019