Experts have referred to this evolution as a psychological line in the sand.
For buyers yet to get their foot in the door, it may feel like the dream of securing their first home has slipped even further out of reach. For homeowners, it’s mainly good news – especially for those who have held their properties for a long time, the substantial equity gains have afforded them the possibility to move, upgrade or expand their investment portfolio.
2024’s figures showed strong growth, and as usual, Brisbane experienced the usual downturn in new listings advertised for sale as the year came to a close, with activity remaining low throughout January.
Buyers however are already on the move, keen to take a closer look at homes on the market – after all, who wouldn’t want to start the year ticking off their property goals?
I’d hazard a guess that once the school holidays wrap up after the long weekend, we’re likely to see an influx in new campaigns throughout February, as the majority of the population settle back into their usual routine. We’re already noticing buyers who are ready to act make the most of this quiet period while Brisbane eases back into a routine. 504/8 Masters Street sold last week for $782,000, making the perfect Newstead base for the buyer’s family! |
Interest rate cuts remain unlikely before the second half of the year, and with Federal Elections coming up, experts across the industry expect price growth to remain steady before picking up momentum again in the new financial year, once the uncertainty ahead is a thing of the past! I’m often asked when the ideal time is to sell and/or buy. There’s really only one answer: whenever the time is right for you. If you’re looking to up- or downsize or are simply up for a change of scenery, buying and selling in the same market tends to be the best plan of attack. While pickings on the major portals are still slim, it pays to keep an eye on pre-market properties in the suburbs you’re interested in. Our website is a great place to get a first peek at opportunities we’ll be taking to market in the coming weeks! |
The start of a new year is the perfect time to reassess the value of your home. Whether you’re ready to make a move now, contemplating your plans ahead or just curious to know how your asset stacks up with the competition, simply respond via this email! I’d be happy to provide you with a complimentary market analysis and any further information you might need! Talk soon, Josh |
