If you bought in Brissie a year ago, congratulations. You’re now $100,000 richer – well, kind of.
The average Brisbane house price has risen $100,000 in a year, reports In Queensland.
June quarter growth alone was the fastest pace in 14 years, according to the Australian Bureau of Statistics.
“Persistently low levels of stock on the market were being met with strong demand and properties transacting at an increasingly rapid rate,’’ said ABS head of prices statistics Michelle Marquardt.
So what happens if you missed the growth train this past year?
Stay positive. If you want to break into the market, there are many ways to do it. Millions of Aussies have done it before you. Here are a few tips:
- Stay open minded. Your first home is unlikely to be your dream home. Know what compromises you’re prepared to make as a first step on the property ladder.
- Get your finances sorted. Seek independent financial advice if you need some help to get your deposit on track and determine what loan repayments are affordable for you.
- Nail your research. Talk to local agents so you know what prices are doing in the areas you want to buy. Then you can make an offer with confidence when the right property comes along.
Ready to buy? View our current listings for sale
Want to cash in? Talk to us about selling.
