More stable signs for Brisbane property market

Interest in properties on the market in Brisbane is booming, as more people are inquiring about properties and going to open homes.

Coronis data shows continual strength for the South East Queensland area, as more people choose to call Brisbane home each year, managing director Andrew Coronis said.

“Over the past month, there was a large increase in property inquiries to 8907 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.

Coronis has noticed a 10 per cent year-on-year increase in open home attendees, delivering the best results for October since 2016.

 

“It’s a testament to everything that Brisbane has to offer for people looking for their ultimate Australian dream,” Mr Coronis said.

“Brisbane is a growing hub of some fantastic developments, expanding job opportunities, cultural activities, entertainment and sunny weather all year long... It’s got something for everyone, and I think being within close proximity to some of the world’s best beaches is an added bonus.”

The agency is encouraging home owners to put their homes on the market, as the small pool of listings with the growing demand for properties has created a seller’s market.

“With softening interest rates, lending restrictions, and first home buyer schemes, SEQ 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: Realestatebusiness.com.au, Lyall Russell, November 26, 2019