South Brisbane Real Estate Agent’s Spring Market Update
1 bed prices spike as demand grows
With a quarter still to go, this year’s sales turnover of local apartments and houses are both already eclipsing 2020. This is one of the busiest markets we’ve ever witnessed, with soaring buyer demand for all types of dwellings.
The low median apartment price reflects a flat out 1 bedder market – these have seen the biggest price spikes in recent weeks and many owners are finally selling up to take advantage of the hot market.
One recent South Brisbane sale by our team is a great example of 2021’s price uplift: the same apartment design in one building has sold for $476,000 in March, $485,000 in July and we’ve now achieved $520,000.