Prices and turnover soar as buyer demand rises
Apartment prices have continued their rapid, upward climb and turnover is up with high demand for these suburbs resulting in quick sales for anything listed. Last year there were 277 sales in total and currently with a quarter of 2021 to go we’ve already had 298 sales. The median days on market are just 27 for Toowong and 38 in Auchenflower.
The median sale price of a local house has increased 16% already this year and is now a breathtaking $1.2 million. Similarly we are well above last year’s volume of sales and time on market is well down as huge buyer demand well and truly dwarfs the numbers of new listings. Sellers are enjoying these stellar conditions.