Darwon's Theory | Brisbane's Property Market Battleground

It's no secret that the Brisbane property market has been facing a critical shortage of homes available for sale. Couple that with a rebound in average sale prices, and you might be wondering whether now is an opportune time to sell your property. Let's dive into the current market conditions, and what they mean for buyers and sellers today.?

Brisbane has been experiencing high demand for housing coupled with a limited supply. The number of new listings in April plummeted by 22.5 per cent compared to the same period just 12 months ago. This scarcity has created a highly competitive environment for buyers. If you've been contemplating putting your home on the market, these favourable conditions could be the final push you need to do so.?

With limited inventory, buyers are often willing to pay a premium to secure a property that meets their needs and will grow in value over time. Anyone buying a property in 2023 knows that - with the Olympic Games round the corner, infrastructure projects planned and underway, and booming migration figures - they’re purchasing an asset that’s on the up.?

But heightened competition doesn’t just drive up prices. It also puts you, as the seller, in a good position to negotiate terms - whether that’s for an unconditional contract, a longer settlement, or other conditions. Our team can help you negotiate an offer that suits your circumstances.

It needs to be said that while the shortage of available properties in Brisbane benefits sellers, it does pose challenges for buyers. As a responsible seller, it's important to approach the sales process with empathy and transparency. We do this on your behalf by providing clear and accurate information about your property, engaging in fair negotiations, and working strictly within our ethical code.

A few tips for buyers: securing a sale isn't simply about who offers the highest price. You should be considering both price and what favourable terms for that particular seller might look like. Come prepared with pre-approval, and be prepared to negotiate.

As always, if you're considering selling your home and would like guidance on how to make the most of the current property market, don't hesitate to reach out. We're here to help you navigate it all.

Cheers,

S.D.?