Sell with Confidence
Read More
News

ANOTHER STRONG YEAR FOR BRISBANE’S REAL ESTATE SCENE

By Ashleigh Leavitt

As an agent, there is one thing you can be sure of at Christmas and that’s the question, “How’s the market?”.

It comes at least once at every party. It’s a part of our Aussie DNA. So to save all of those conversations and discuss more important things like, “Are the Wallabies on a genuine rebuild?”, or “Should they make ‘Bluey World’ a permanent structure?”, I’ll give you the overview.

As a broad view, 2024 was another strong year for residential real estate. What does that mean? It means that prices were higher at the end of the year than at the start of the year. There were a few stronger performers. One and two bedroom units performed the strongest, due to the lack of alternatives because of the cost of construction. Also, the reality is they are cheaper than houses so affordability forced them to the front. The prestige market also performed very well as the cost to construct, in many cases, is above the price of resale.

Surprisingly, three bedroom units were not as strong in the resale space – those units people call ‘70s style brick’. They were good, but not compared to the heat of two bedroom units. If you paid a little bit more, you got great value with the three bedroom units in comparison. Next year, interest rates are expected to hold or slightly drop and construction costs will likely remain high. The only event that could have an effect on the market is the federal election in the back half of the year.

Up to Date

Latest News

  • 11 Budget-Friendly Home Projects You Can Do This Weekend

    Small changes can make a big difference in your home – without draining your wallet. Keeping a house looking good and feeling comfortable often feels like an ongoing project. With the rising cost of living and busy schedules, big renovations aren’t always realistic. Luckily, there are plenty of quick and … Read more

    Read Full Post

  • WHY LAND TAX REQUIREMENT IS ‘ANYTHING BUT HARMLESS’

    On top of the new Sellers Disclosure, there is also a new contract. For some reason someone has snuck in a seemingly harmless tick box on Land Tax. But it is anything but harmless! A quick lesson on Land Tax: It is a state government tax that applies to investment … Read more

    Read Full Post