Interestingly … Brisbane was the strongest property market in 2021 exhibiting astonishing growth, with many locations experiencing 30+% house price growth…
And even though growth is slowing in other parts of Australia, Brisbane’s housing markets are likely to continue to perform strongly in 2022.
Brisbane property values:
- increased 0.6% over the last week
- increased 1.0% so far in February
- 30.6% over the last year
Currently, the Sunshine State capital is shining but it’s not too late to be early in this cycle – there is plenty of growth ahead – for the right properties as overall Brisbane is still very affordable compared to the other east coast capital cities.
What a turnaround from all the negative forecasts some banks & financial institutions predicted prior to the middle of 2020.
What does local activity in the Redlands / Wynnum area property markets look like currently ?
While there is some variance between suburbs and properties based on location; over all there is around 30 % more active buyers
as compared to previous more typical market conditions.
However, currently there are approximately 9-15 % less properties available to purchase than in typical market conditions for those same active buyers.
This environment therefore provides a fantastic opportunity for home owners considering selling & bringing their properties to market.
For a complimentary discussion, your most welcome to contact me on (m) 0481 352 681 Clinton Roach LJ Hooker Property Centre