In these uncertain times of late, it has been no surprise the number of buyers and investors who have approached me on my opinion regarding what is, and will happen to the property market, particularly at a local level.
Having an ear to the ground on a daily basis, and not just in one specific area, but many throughout Brisbane, I’m often privy to the who’s who and what’s what in the Brisbane market.
Having this front and centre hot seat means I can pass on information first hand as I see it, and here’s what you need to know about what’s happening in Brisbane real estate right now.
Firstly, word on the street is Buyer numbers are still stronger than ever.
Chatting to a few agents over the weekend and being out and about house hunting myself, I could see the numbers through the open homes weren’t grim.
Sure, agents were hesitant to shake your hand, but that’s ok. It didn’t stop the deals from happening.
Another interesting fact is the Auction Clearance Rate.
Domain (www.domain.com.au) reported a 59% clearance for Brisbane this week gone, compared to a 36% clearance this time last year, so it’s safe to say that despite the doom and gloom in the world right now, we’re still looking significantly better than what we did this time last year.
Seemingly, it looks as though buyers and sellers haven’t been deterred by the events unfolding of late.
This could change, but I don’t think it will.