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Christmas Wrap 2018


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Nov
by Brad Robson

This market wrap looks into the real estate market in 2018 for both sales and rentals and provides some insight ahead of time, into 2019.

Focusing in on Chelmer through to Oxley, the centenary suburbs and Indooroopilly west to Bellbowrie, including Kenmore and Chapel Hill. Including briefly, a check-in on the unit space and the fundamentals that will underpin Brisbane’s property prices in 2019.

If this sounds interesting to you read on, stay tuned, turn up the volume and enjoy.

Merry Christmas Happy New Year from Place Graceville 1

Thank you

A big thank you goes out to the amazing communities we work within, across the Western Suburbs of Brisbane, that have helped us have our best year on record. As a team, some 2,241 open homes were conducted, that allowed us the opportunity to help 448 families either buy or sell.

The Place Graceville property management team won the number one rental team within the entire Place Group. A true accolade achieved by having the lowest rental arrears, the smallest vacancy periods and the fastest turnaround of properties.

All up, between buyers, sellers, landlords and tenants, we’re proud to say we helped almost 1000 people find their happy place in 2018.

 

Community

One of our core values is Community; and in 2018 our team strove to give even more. Whether it be supporting a school fete, local fundraisers, sporting groups, charity auctions, fun runs, giving blood or community events like Halloween or a Christmas Appeal - our philosophy is that we give back to the community that give us so much. This fundamental value will not change in 2019. Already, our team has recommitted to schools and sporting groups, providing them certainty into the New Year, they know our support can be relied upon.

But how is the market?

Brisbane has been crowned the nation’s “quiet achiever” and for good reason. House prices have grown almost 30 per cent in the past five years, largely thanks to steady, sustainable growth, which has made Brisbane one of the most stable real estate markets in Australia.

The apartment market has experienced its strongest sales in more than two years according to a recent report by Urbis research, and in another report by Lachlan Walker, Brisbane’s apartment oversupply is now receding.

The doom and gloom that we were hearing last year around apartments was largely overstated. Fast forward and those same overstated media reports have moved on from apartments to property prices in general. While Sydney and Melbourne are experiencing tougher selling environments than they are used to in recent times, Brisbane’s median house price just hit an all-time high of $675,000.

All of this is evidence that Brisbane is a very robust, stable and safe market.

The Economy

Queensland, particularly South East Queensland and the greater Brisbane region is a growing population, and real estate here is still largely affordable compared to other major Australian cities. The economy is diversified, meaning if one sector struggles, we have other industry that is able to prop things up.

All of this gives the Brisbane market a solid base moving into 2019 where largely, you can expect more of the same for property prices across Brisbane.

As we move into 2019, property owners that are considering selling get an amazing opportunity that largely goes unnoticed. Both realestate.com.au and domain.com.au report January as one of the busiest months of the year for traffic on their respective sites. With a consistent waive of job transfers, interstate migration, families moving to get closer to their preferred school, January is a great time to sell.

The problem being that a lot of agents and sellers wait till February where less buyers are looking and there’s more competition.

The Place Graceville team understands this trend and while other agencies will be on holiday, we will be proactive right from the 5th January. Giving our clients the opportunity to showcase their home during this very busy period. So if you’re considering selling, give us a call on 3379 4311 to speak to your favourite Place agent and we will help you get the jump on the market as we catch this first wave of buyers.

From the entire team here at Place Graceville, we would like to wish you all the very best over this festive season, and together, let’s make 2019 the best year yet.

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stay informed

Every Thursday we deliver a market update straight to your inbox. Covering important changes to the real estate industry, new listings and recently sold properties.