While Brisbane’s property market is going through change, the outlook over the longer term is strong. Prices have begun to fall from their peak, but our market has seen a significant lag from the price drops across the rest of Australia. Unlike Sydney and Melbourne, prices are still higher across the city than just 12 months ago. Fundamentally sound supply vs demand dynamics continue to be the cornerstone of Brisbane’s market performance and this puts a floor under house price falls. Federal government forecasts suggest that Queensland’s population is expected to grow by more than 16% by the time Brisbane hosts the Olympic Games in 2032. The desirability of lifestyle and amenity factors coupled with strong demand for detached houses in Brisbane sees homes in the inner and middle-ring suburbs in particular Corinda, Chelmer, Graceville and Sherwood are holding their own in terms of value. Rather than trying to time your next property purchase or sale based on where we are in the cycle, take a long view. If your income is secure and the time is right for you, this may be an ideal time to make a move while others are sitting on the sidelines. Nobel Realtor’s mantra of ‘Dedication, Integrity & Results’ is applied to every campaign to ensure that an optimal property solution is achieved for you and your family. Don’t hesitate to get in touch, if only for an informal chat about your goals. We look forward to being of service. Anna Samios Principal and Lead Agent, Nobel Realtors Welcome
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