Brisbane's Billions Provide Property Certainty

This week, we caught up with our Ray White Chief Economist, Nerida Conisbee who gave a reassuring wrap on the Brisbane Property Market and the key drivers underpinning a stable market.

The uniqueness of the current market climate is different, as Nerida reiterated, to the drivers of previous corrections, describing the rate rise as creating a normalisation we needed to have.??Nerida gave buyers great confidence by showing that if the rise continued, the affordability factor would have been beyond normal reach. (We have full graphs of this in the link below.)?

This is great news for buyers, coupled with the continued ease of borrowing from banks. Banks are only too happy to continue confidently lending plenty of cash for property,?with employment at a 48 year high.

The majority of our buyers in the prestige sector have enjoyed substantial equity gains in their assets over the past two years and are now actively in the market looking to transact either by upsizing or downsizing. We are also experiencing empty nesters willingly looking to help their children secure their first home.?

The stabilising of Brisbane's market is making buying much easier, removing the fear that many sellers had last year of going on the market and being caught in a rising market. The trend I have personally seen with many sellers, is to go on the market, opt for a longer settlement giving breathing space to look for their next property. This is also working well for buyers as a high percentage who sold last year are now in the rental market and can accommodate flexible terms.?

We are very excited about the spring selling season and see the next few months as a great time to be both buying and selling. What is also reassuring about Nerida Conisbee's take on the Brisbane market is our long term growth forecast, based on billions of dollars worth of investment rolling into the city.?

If you missed our property breakfast this week, the full presentation and accompanying analysis are?in the link here.?

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This Week's Top 10 Sales

Take a look at the full list below:

1. 7 Whyenbah St, Hamilton $5,500,000

2. 11 Satinwood Ct, Bardon $confidential

3. 192/501 Queen St, Brisbane City $4,000,000

4. 62 Oriel Rd, Clayfield $confidential

5. 189 Arthur St, Fortitude Valley $2,950,000

6. 43 Paramount Tce, Seven Hills $2,860,000

7. 12 Maculata Dr, Chapel Hill $2,760,000

8. 49 Thirteenth Ave, Kedron $2,502,000

9. 32 Flinders Parade, Sandgate $2,220,000

10. 122 Gracemere St, Grange $2,030,000

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?*Top?10?Results are based on publicly available data, auction results, and data provided by agents. Data is deemed reliable at the time of publication but Christine Rudolph and Ray White New Farm neither?warrants?its accuracy or accepts any liability in relation to its use.

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?Property of the Week | 20306/37D Harbour Road, Hamilton

Located within Pinnacle, one of the?most sought-after buildings in Portside,?20306/37D Harbour Road?is suspended on level 3, this executive luxury apartment connects harmoniously as if floating on the Brisbane River. Spanning more than a 20 metre frontage, it offers a vista which can never be built out.One of the rarest floorplans available in the building, it enjoys a private corner position with a 22sqm entertainer's deck that offers stunning river views up to Newstead and the Brisbane CBD, and down river to the Gateway Bridge and beyond.?

We would love to look after you, so please let us know if we can help you in any way.?

Have a great weekend?

Christine?