Milton Real Estate Agent’s Summer Market Update
Prices rise as with strong buyer enquiry
The Brisbane wide stats show our home prices bottomed in September and these past few months have each recorded rises. In Milton we’re witnessing much the same with 2020 finishing with some strong growth, and this year starting with high buyer demand.
The $400,000 to $600,000 range is busiest and this has pushed the local median apartment price back above $500,000. With low rates and rising rents it’s not surprising we’ve had more investors coming into the market recently, joining a growing number of first home buyers. We’ve had multiple offers on the majority of our recent sales.
With so few houses in Milton the sales volumes are always low and make the median price tracking unreliable. But as with apartments, we’re witnessing strong buyer enquiry and low listings.