Interest in this price point has intensified since the First Home Guarantee Scheme was expanded in October to include properties up to the million-dollar mark.
The scheme expansion has prompted an “urgency” for buyers to jump in, pushing up unit and townhouse prices in particular, which rose 1.7 per cent in September, compared to just 1.1 per cent for houses.
This was the seventh consecutive quarter where Brissie units outpaced houses, reports Australian Property Investor.
While some commentators were expecting the Brisbane market to run out of puff, it has continued to grow at pace.
“In Brisbane specifically, supply remains the greatest challenge,” reports Australian Property Investor. “At the end of September, total advertised listings were around 31 per cent below the long-term average. Sales volumes, however, continue to track above average, highlighting the demand-supply imbalance driving upward price pressure.”
That means sellers are getting good results, in a speedy time frame.
“Days on market shortened further to 22 days, down by a day on the previous month, with quicker sales concentrated in the affordable price brackets.”
If you’re considering selling, now is a good time to talk to local agents and make your move while spring selling conditions prevail.
Investors and home buyers are showing strong interest in north side middle ring homes.
Now is a great time to find out how much your property is worth.
Or contact us for a chat about anything real estate.
