Sell with Confidence
Read More
News

ANOTHER STRONG YEAR FOR BRISBANE’S REAL ESTATE SCENE

By Ashleigh Leavitt

As an agent, there is one thing you can be sure of at Christmas and that’s the question, “How’s the market?”.

It comes at least once at every party. It’s a part of our Aussie DNA. So to save all of those conversations and discuss more important things like, “Are the Wallabies on a genuine rebuild?”, or “Should they make ‘Bluey World’ a permanent structure?”, I’ll give you the overview.

As a broad view, 2024 was another strong year for residential real estate. What does that mean? It means that prices were higher at the end of the year than at the start of the year. There were a few stronger performers. One and two bedroom units performed the strongest, due to the lack of alternatives because of the cost of construction. Also, the reality is they are cheaper than houses so affordability forced them to the front. The prestige market also performed very well as the cost to construct, in many cases, is above the price of resale.

Surprisingly, three bedroom units were not as strong in the resale space – those units people call ‘70s style brick’. They were good, but not compared to the heat of two bedroom units. If you paid a little bit more, you got great value with the three bedroom units in comparison. Next year, interest rates are expected to hold or slightly drop and construction costs will likely remain high. The only event that could have an effect on the market is the federal election in the back half of the year.

Up to Date

Latest News

  • Boost Your Home’s Worth With These Smart Renovation Strategies

    Australians are passionate about transforming their homes, with national renovation spending reaching around $32 billion annually. But while enthusiasm is high, the real question is: do these improvements actually enhance a property’s value? Most Popular Renovation Projects Recent insights from Houzz reveal the top renovation trends among Australian homeowners. Kitchens … Read more

    Read Full Post

  • Momentum Building With More Rate Cuts Tipped To Boost Competition

    As I loaded the yellow gavel into the briefcase last Saturday, I was excited to see how the market was going to respond to the election result. Since the election last weekend, there has been further speculation of interest rate cuts with most experts expecting at least two more rate … Read more

    Read Full Post