Top end house sales lead buoyant early market
These suburbs have seen a very strong start to the year with regards to turnover and median prices, with an uptick seen across the board. This is despite Coronavirus causing some buyers to take a breath and watch what will happen. In a positive sign there were 25 house sales, with 14 of them over $1m and four over $2m.
There were 52 local apartment sales to the end of March, with the majority two bedroom designs. So far we’ve not heard of any forced sales and generally many local owners are simply holding off from going to market at this time. There are currently only 68 apartments available for sale in Toowong/Auchenflower.
Our Toowong and Auchenflower Real Estate Agent’s Autumn property update shows home prices rose a fraction in April and buyer enquiry remains surprisingly strong!