market updates - Peter May and Brad Robson
The 2017-18 financial year is now finished and we will share a few insights into what has happened in the marketplace, for both sales and rentals, in the past twelve months. Looking ahead to what can be expected over the horizon. Focusing in on Chelmer through to Oxley, the centenary suburbs, Indooroopilly and west to Bellbowrie, including Kenmore and Chapel Hill.
On behalf of the entire team at Place Graceville, we would like to wish you and your family a very Merry Christmas and a safe, enjoyable holiday season.2017 has been a great year within the property space here in Brisbane, we’ve seen more steady, sustainable growth and rental yields in the western suburbs have largely held their ground.
Don’t you love elections, a time when politicians get to jostle for air time, promising us the world, trying to become the messiah of all issues great and small.
Spring is well and truly under way and the traditional upswing in properties coming to the market is evident. Here at Place, we’ve seen a number of new homes come online feeding the appetite of some starving buyers that didn’t see much over the winter months.
This financial year, we have an information packed market update from the team here at Place Graceville. Not only has the end of the 2017 financial year marked the beginning of a raft of legislative changes that will impact Sellers & Buyers in one way or another, it also marks the end of another strong year for our team. After unlocking 3,456 doors, turning on 10,368 light switches, speaking to 7,248 buyers, presenting 1,152 open homes, conducting 63 auctions and selling 192 homes, we’re ready to do it all again.
On behalf of the entire team here at Place, I want to wish you and your family all the best for the Easter break. We hope you stay safe, take time to relax and enjoy. With the first quarter of this year now out of the way, we’ve found some interesting patterns and statistics emerging out of the market in 2017. For our full market wrap of the first quarter, read on.
Firstly from the entire team here at Place Graceville, we wish you and your family a very Merry Christmas and a safe enjoyable holiday season. What better Christmas present than knowing the value of your largest asset is improving and the good news is that over the course of this year, prices for homes throughout the western suburbs of Brisbane have seen sustainable and consistent growth.
CoreLogic RPData’s most recent Pain and Gain report shows the Brisbane market has seen values increase by an average of +3.9% over the preceding 12 months to July 2016. This underpins our prediction that the Brisbane market is well placed to continue to benefit from interstate and international investors.