Highgate Hill Real Estate Agent’s Summer Market Update
Busier and dearer: home buyer demand drives new heights
The graphs show a strong rise in turnover of Highgate Hill property with 17% more houses and 36% more apartments sold in 2021 than the previous year. The busier apartment market has one important difference from the peak of 2014/15: our recent surge in activity is all about buyer demand and not the increased supply from new projects we saw back then.
With such strong turnover and demand the median prices were almost certain to rise. And rise they did! With a median 2021 sale price of $1.83m Highgate Hill houses are now amongst inner-Brisbane’s most expensive. There’s limited numbers of unrenovated dwellings remaining in the suburb and with our buyer enquiry remaining incredibly strong, it seems inevitable the local median will tip $2m in coming months.
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