Warm regards, Brigette Righton Brigette Righton Director 0407 880 006 brigette@rightonproperty.co The Brisbane property market has now clearly moved into the recovery phase of the property cycle with 7 month-on-month increases in median property prices. Values are up 6.2% since bottoming out in February this year and house prices were up 1.3% in September. The city looks poised to end 2023 with an 8% increase in home prices. Compared to the previous year, Brisbane’s housing stock remains very low. Limited choice has led to strong buyer competition and solid selling conditions, leading to a surprisingly robust winter period for real estate transactions. More buyers are competing for quality inner and middle ring homes, compared to properties located within the outer ring. Brisbane’s median house value sitting at just 63% of Sydney’s suggests a powerful blend of growth and affordability, making the city an increasingly attractive option for investors. Our great lifestyle will keep attracting both interstate and overseas migration. If you’re considering selling your home, speaking to a top local agent is one of the best ways to get a thorough understanding of how buyers are behaving in your suburb. At the very least, it’s helpful to hear what demand is currently like for homes like yours, and to get a no-obligation appraisal of what your home might sell for in the current market. We know the market like the back of our hands and would be delighted to help you along the journey. MARKET UPDATE
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