Interstate investors make their mark on South Brisbane
There’s a clear trend emerging in South Brisbane, and especially in our apartment market. Interstate investors have been buying up our new apartment projects off the plan in huge numbers for some time, usually through investment marketing direct to them at home. What we’re now witnessing is growing numbers of southerners, mostly from Sydney, getting on a plane and spending their weekends in our city. Brimming with equity in their own homes and attracted to what look like cheap prices, they’re here for quality established (or second hand) inner-Brisbane properties. South Brisbane’s proximity to the CBD and our vast lifestyle amenities put us on their radar and this growing market is great news for those looking to sell.
The sheer quantity of new South Brisbane apartments under construction is astounding and locals knows the challenge of dodging partial road closures and orange-clad workmen on what seems like every street corner! Prices of established property are not soaring ahead and some buyers are concerned for the impact from the new supply. But overall interest and response to our new listings is good.
If you’d like an update on the market for your property please call our South Brisbane specialist Rob Honeycombe on 0423 332022 or firstname.lastname@example.org
Note: our graphs track the sales stats 3 months in arrears only as it takes this long for fully accurate records to finalise. South Banks’ leasehold tenure means it is not recorded in the official data.