Bees Nees City Realty
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Posts Tagged with Brisbane sales market

Posted by admin on 25 September 2011

Our median sales prices are down on last year, but have retained much of the growth of the last decade.  Overall we’d suggest it’s hard to call any strong price trend in South Brisbane’s market so far this year. One clear change is the number of transactions – the 2nd quarter of 2011 has been busier than the first but we’re still on track to record less apartment sales in 2011 than we’ve had in over a decade. Why? Market uncertainty, plus many local property owners have withdrawn their properties from sale (or not listed at all) awaiting stronger prices.

If you’d like a sales market update for your property please call our South Brisbane specialist, Rob Honeycombe on 0423 332 022 or 07 3214 6800

Posted by admin on 25 September 2011

While prices are definitely down from their peaks of a couple of years ago, buyer interest in West End property remains strong. The new projects along the river/ Montague Rd precinct are holding the median sale price high for apartments, albeit with some discounting on those buildings that had flood inundation in January. The number of sales is very low this year, partly due to the floods and partly the general economic uncertainty. There’s also many local property owners reluctant to sell  while prices are down and this may be having the effect of putting a floor under prices. The second quarter’s sales volumes were stronger.

If you’d like a sales market update for your property please call our West End specialist, Rob Honeycombe on 0423 332 022 or 07 3214 6800

Posted by admin on 25 September 2011

It’s not surprising to see a couple of new apartment projects popping up in Woolloongabba, given the growing buyer interest in the area and the strength of the local market. The graphs show prices holding firm for apartments but our experience is that many are taking small drops to achieve a sale. The local market hasn’t been immune from the broader discounting of the inner city.  Houses in Woolloongabba continue to attract good enquiry. Sales volumes are still very low as many owners hold off from selling, although the second quarter has been a lot busier than the first.

If you’d like a sales market update for your property please call our Woolloongabba specialist, Rob Honeycombe on 0423 332 022 or 07 3214 6800

Posted by admin on 25 September 2011

While real estate market-watching’s become a national sport, it’s hard to call any strong price trend in Spring Hill’s market so far this year. Our median sales prices are down on last year, but have retained much of the growth of the last decade. The number of transactions continues to below – the 2nd quarter of 2011 has been busier  than the first but we’ve still had less than 100 apartment sales in the first half of this year. Overall buyer enquiry is sound and while prices aren’t setting records there are still sales to be had for those who want them. House sales volumes are so low as to make the median price data fairly meaningless. We do know that many house owners are holding off selling until prices improve.

If you’d like a sales market update for your property please call our Spring Hill specialist, Rob Honeycombe on 0423 332 022 or 07 3214 6800

Posted by admin on 25 September 2011

While real estate market-watching’s become a national sport, it’s hard to call any strong price trend in Highgate Hill’s market so far this year. Our median sales prices are down on last year, but have retained much of the growth of the last decade. One clear change is the number of transactions – the 2nd quarter of 2011 has been busier than the first but we’re still on track for just half as many house sales as we saw in 2010. Why? Many local home-owners have withdrawn their properties from sale (or not listed at all) awaiting stronger prices. Overall buyer interest remains fairly solid, albeit at softer prices than last year.

If you’d like a sales market update for your property please call our Highgate Hill specialist, Rob Honeycombe on 0423 332 022 or 07 3214 6800