Almost every weekend these days you will rub shoulders with southern buyers keen to get into the Brisbane property market.
This comes because the city is increasingly recognised not just as a value proposition, but also for its lifestyle benefits, according to Place Bulimba’s Shannon Harvey.
Ms Harvey, who has negotiated more than $300 million worth of real estate sales in her career, said Brisbane’s time was here.
“I meet a couple nearly every weekend that have flown up looking to buy some great value real estate,” she said. “Many are mentioning that their plan is to buy now while real estate in Brisbane is still great value and rent it out for a year or two before they move up to Brisbane.”
Families were on the hunt for homes that suited the ideal Queensland lifestyle, she said.
“Bulimba is mostly families looking for a balance of lifestyle and convenience. A family home with some yard and kitchen downstairs out to the pool is the most frequent home I get asked to find.”
Upgraders were also a big part of the market right now, she said.
130 Love St Bulimba sold for $1.35M.
“Anyone with a home from $800,000 to $1.3 million should be upgrading right now, as that market is very competitive, which drives the prices up,” she said. “If they upgrade to the $1.5 million bracket then they will get excellent value for their money within 10km of the CBD.”
Ms Harvey said Queensland’s spring market was operating “like clockwork”.
“Brisbane has started to surge in activity, with homes starting to hit the market even before the school holidays started, so I feel that the market is going to be very busy again this last part of the year.”
Among her recent sales was 130 Love St, Bulimba, a “beautifully done” four-bedroom, two-bathroom, two car space home that sold for $1.35 million.
Original article published at www.heraldsun.com.au by Sophie Foster 03/10/16