Brisbane CBD Sales Market Update – April
Leading the way for much of inner-Brisbane’s property market, our CBD is currently busy, with buyers sensing opportunity and investors returning (albeit cautiously). The graphs tell the story fairly clearly: prices have not moved much in the past few years, but they have held their ground where other areas have floundered.
Sales volumes are well down on their peaks but 2011 ended as a stronger year than many expected and the start of 2012 has seen higher levels of buyer enquiry. This remains a buyer’s market, but one where properties are meeting ready demand when they’re fairly priced. There’s just a small handful of houses traded each year (in the Petrie Terrace precinct) so the median price data needs to be read with caution.
If you’d like a sales market update for your property please call our sales team on 07 3214 6800