Recent stats show that under-performing cities like Melbourne and Darwin are starting to see a turnaround. Some pockets of Melbourne have seen scorching quarterly growth as high as 5.5 per cent, reports realestate.com.au.
But Brissie burbs bearly rate a mention in their article. What’s going on?
If we push past the headlines and dive into the data, we can see Brissie property is still running hot as we head into winter.
We clocked another 0.2 per cent growth in May, taking annual growth to 8.4 per cent to sustain median values at record levels, according to the PropTrack Home Price Index.
Nationally, Australian home values rose 0.39 per cent in May, also sustaining national median home values at a record high.
The data shows that Brisbane sellers considering making a move this winter will do so in a continuing strong market.
There can even be seasonal benefits to selling in winter. Historically there tends to be fewer new listings coming to the market in winter, so sellers can gain an advantage with less competition.
Thinking of bringing your hot property to the market? Find out how much your property is worth or talk to us about selling.
