South Brisbane and South Bank

First home buyer's lead the way (but not in South Brisbane!)

South Brisbane apartmentsI’ve just finished reading “First home buyers led the way in ’09” courtesy of local online rag www.brisbanetimes.com.au touting first-home owners as the savours of the local property market for 2009.

That’s great news and certainly worthy of a mention, but it’s fair to say that in the 4101 post code (and specifically in my own backyard of South Brisbane), first time purchases never really caught the buyer bug, with most activity this quarter undeniably as a result of a revitalized investor market, fuelled by improved rental returns and historically low interest rates.

That’s not to say that first home buyers aren’t an active or important segment of the South Brisbane market, just that most of those who can afford a home, can’t find one with a drought of available properties and some agents predicting a seller’s market just around the corner.

Busy at the moment too with families wanting to be close to Brisbane State High School…. always a positive for sellers at this time of year.