Woolloongabba Sales Market Update – April

Woolloongabba’s getting regular mentions in the news with the proposed subway and other major projects gathering the attention of a wider audience. Investors seem to be adding the suburb to their ‘watch-lists’ in bigger numbers and that might help explain the reasonably healthy sales turnover. While other inner-suburbs finished 2011 as their slowest year in more than a decade, the Gabba recovered in the final months with better activity.

Prices are still down and the apartment graph below includes the release of new apartment buildings that, with their dearer prices, do skew the data. It remains a buyer’s market but overall Woolloongabba seems to be holding ground well and fairly priced properties are meeting good demand.

If you’d like a sales market update for your property please call our sales team on  07 3214 6800