Toowong and Auchenflower sales market updates: Data doesn’t tell the full story with 4066 buyer enquiry strong
A quick glance at the data suggests Toowong and Auchenflower’s turnover is low and prices flat. And it’s true that half way through 2019 it looks like roughly 4 apartments a week will change hands this year – substantially down on the peak of almost 9 in 2015! 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 local real estate is the best it’s been for some time.