South Brisbane Real Estate Agent’s Summer Market Update
New listings meet hot buyer demand as turnover surges
The graphs show a strong leap in turnover of South Brisbane property with 37% more apartments sold in 2021 than the previous year. The busier market has one important difference from the peak of 2015: our recent surge in activity is all about buyer demand and not the increased supply from new projects we saw back then. While the median price is lower this is due to a marked increase in turnover of 1 bed apartments. Buyers cannot get enough of them!
South Brisbane houses now have a median sale price of $1.54m and, with limited numbers of unrenovated dwellings remaining in the suburb, look on track to rise further.
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