It's Prime Time to Sell Your Property in Brisbane
Buyer demand for Brisbane properties has been increasing over the past few months. What makes Brisbane so attractive? With buyers coming from interstate and overseas to enjoy the sunny lifestyle, affordable housing options and growing job opportunities, you ought to get an amazing deal as the supply of properties on the market stays low
With a record-low interest rate of 0.75 per cent, there's been a year-on-year increase of 38 per cent in lending to first home buyers. Since May 2019, there's also been an increase of 15.5 per cent in lending to property investors and a 21.4 per cent increase in the value of mortgages lent. Coronis data has also revealed a 41 per cent increase in the number of buyers per open home year-on-year. Active buyers have increased 15 per cent, growing to over 6,000 open home inspection attendees compared 5,289 in November and December 2019. The new year also started with the bang, with over 13,500 people enquiring about buying a property in January and February so far.
This signals for the growing demand in Brisbane properties, but what does it mean for you?
This means that as the demand stays strong, more people are confident in Brisbane's property market. In particular, first home buyers are ready to get in the property ladder with more to spend on the property of their dreams, and property investors are confident to invest with more funds under their belt.
If you've been thinking of selling your property, now is the time. Such a low supply of properties on the market and high demand will create healthy competition over your property, which will help us get the best price in selling your home.