Milton sales market updates: Opportunity knocks for the inner-city seller
The peak of activity in off the plan sales in this niche inner city suburb has now settled, with the number or apartment sales back to pre-2014 numbers. The current market uncertainty and the restriction of finance has also deferred further development activity. This is good news for sellers.
The median price of units compares well to that of Brisbane generally, so it remains a very desirable location for those wanting easy access to the city and the many entertainment options close by. As a result, we see the demand for apartments in this area continuing with well priced properties not staying on the market for long. This is evidenced by our recent sale of a one bed apartment in Savoir Faire selling in just 6 days.
The number of house sales are small, but for those seeking an inner-city character home it is a very affordable option compared to its more expensive neighbours, Auchenflower and Paddington. Those owners who decide to sell don’t wait long to see a successful result.