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AMESSAGE FROMRACHAEL SPINKS The Brisbane property market proved to be extremely resilient in the face of the 2020 COVID-19 pandemic, having avoided the severity and duration of lockdowns when compared to the southern capital cities. Fast forward to 2021 and Brisbane property is firing on all cylinders. Core Logic is reporting 10.6% growth in the last 12 months. In fact, 6.2% growth has been achieved in the last three months alone. Tennis court home and prestige property owners will be very pleased to learn the growth is being driven by the most expensive end of the market. This segment is growing more than double the rate of the least expensive segment of the market. This is most likely due to the high level of activity in the owner-occupier non first home buyer segment of the market. Core Logic tiered indices data suggests that across the top 25% of values in the Brisbane market, the change in values over the 3 months to April was 6.6% compared to a 5.3% rise across the middle of the market, and gains of 3.2% across the bottom 25% of values. One of the most prominent real estate trends to emerge from the global pandemic is the demand for lifestyle properties which provide the full range of health, recreation, and work-space facilities. Properties with multiple living spaces, home theatre, office, gym, along with outdoor entertaining options, pool and tennis court are being aggressively targeted. Interstate and ex-pat buyers are leading the charge, keen to take advantage of the ideal Brisbane climate and affordability. There is also strong competition from local buyers who recognize the current record-low interest rates combined with positive economic outlook, make this an ideal time to upgrade their family home. With stock levels remaining extremely tight, and good capital growth expected to continue, SpinksCo Residential continues to field strong enquiry from local, interstate and expat buyers. If you would like to take advantage of the ideal selling conditions, call Rachael Spinks to arrange an appraisal of your property and a potential match for a rewarding sales result. source: Michael Yardney Property Update Rachael Spinks 0411 10 10 15 www.spinksco.com.au Follow us on Instagram - spinkscoresidential