Brisbane Listings Can't Keep up with Buyer Demand
Brisbane buyers, now firmly confident in the stability of the housing market, have shifted their attention to finding the perfect home.
A combination of record-low interest rates, quality listings, and access to finance are factors that have aligned to create a strong demand in the market. In the report by CoreLogic, the number of new listings coming to the market over the past year fell by 17 per cent, while the buyer demand continues to surge. As Brisbane welcomes more interstate and overseas residents, the demand is evident with listings selling faster than hot pies and many being sold before going under the hammer. This could mean that it’s finally time for Brisbane’s property market to shine after the long 11 years since the last property boom.
With the low stock of properties and high demand of buyers wanting to get in the market before the end of the year, your property is likely to earn a great deal in the competitive buyer environment. The period from September to November is known as the busiest time for real estate, so you will see higher property prices.