The Brisbane property market hasn’t performed to the seasonal script in the past few years. In fact, since the start of Covid, all the rules have changed.
With people not travelling, school holidays stopped playing a role in buyer inspection numbers and with the shortage of properties listed recently, it made for a cracking winter!
Winter this year was a stark contrast to the year before. Unseasonably strong selling conditions rewarded those property owners who took the opportunity to sell during this winter.
With few properties on the market and buyer enquiries from interstate and locals, we saw strong sales across the market.
But this spring, it looks like some normality will return to the property market.
Over the next few weeks, we will likely see an increase in the number of properties coming to market across Brisbane. It’s the spring tradition we’ve been missing and I feel that it will signal things are back on track.
I expect spring to not only deliver new properties to the market but it will bring yet another wave of buyers keen to be established ahead of the new year.
My hope is that it brings investors. I’m concerned that many of our rental properties are selling to first-home buyers, removing stock from the Brisbane rental pool. So if January performs to its normal script, bringing a huge new wave of prospective tenants searching for a home, we will see last year’s battle for a rental property intensify to a whole new level.
Haesley Cush is an award winning auctioneer who has called more than 10,000 auctions.
Cush For Comment | 27th August 2023
The Brisbane property market hasn’t performed to the seasonal script in the past few years. In fact, since the start of Covid, all the rules have changed.
With people not travelling, school holidays stopped playing a role in buyer inspection numbers and with the shortage of properties listed recently, it made for a cracking winter!
Winter this year was a stark contrast to the year before. Unseasonably strong selling conditions rewarded those property owners who took the opportunity to sell during this winter.
With few properties on the market and buyer enquiries from interstate and locals, we saw strong sales across the market.
But this spring, it looks like some normality will return to the property market.
Over the next few weeks, we will likely see an increase in the number of properties coming to market across Brisbane. It’s the spring tradition we’ve been missing and I feel that it will signal things are back on track.
I expect spring to not only deliver new properties to the market but it will bring yet another wave of buyers keen to be established ahead of the new year.
My hope is that it brings investors. I’m concerned that many of our rental properties are selling to first-home buyers, removing stock from the Brisbane rental pool. So if January performs to its normal script, bringing a huge new wave of prospective tenants searching for a home, we will see last year’s battle for a rental property intensify to a whole new level.