South Brisbane sales market updates: Data doesn’t tell the full story with buyer enquiry strong
A quick glance at the data suggests South Brisbane’s turnover is low and prices flat. And it’s true that half way through 2019 we’re expecting somewhere around 200 apartments to change hands this year – substantially down on the peak of almost 700 in 2014! But we’d argue buyer interest right now is actually strong, and this neighbourhood’s appeal has risen quickly.
For the first time this decade there’s only a couple of new apartment projects in sales mode, so turnover is almost entirely coming from resales. This year started slowly with the Federal election and cautious banking regulations denting buyer confidence. But with those issues resolved, interest rates down twice and a relative shortage of listings available, buyer enquiry for South Brisbane real estate is the best it’s been for some time.
Like an update on the current market for your South Brisbane property? Please contact our South Brisbane real estate agents on 07 3214 6800 or email@example.com