Highgate Hill Real Estate Agent’s Spring Market Update
Flurry of buyers as prices spike
The graphs for both apartments and houses show a clear trend: prices are rising quickly and sales turnover is firmly up.
While the broader Brisbane market has seen apartment prices rise around 10% this year, Highgate Hill’s median price is up 21%. This is partly due to a flurry of activity in larger 3 bed designs (especially along Dornoch Terrace) but our team’s buyer enquiry is running fever high for all apartments – 1, 2 and 3 bed.
Houses continued to gain momentum this quarter with their local median price now a staggering $1.67m, compared to approximately $1.23m in 2020. With less inventory on the market and buyers vying for properties, many are seeing multiple offers. Houses are typically being sold by auction and without fixed prices to gain maximum benefit for their owners.