Darwon's Theory | Ray White New Farm Expands

The news is out - we have acquired Ray White Bulimba! Myself and Brandon Wortley have joined forces with Matt Lancashire and Haesley Cush to expand from our established markets in New Farm and Spring Hill across the Brisbane River. We'll now be in a fantastic position to service the people of inner-city Brisbane's premier markets, on both sides of the river. 

Bulimba is a great fit for us. In recent years, we've seen growing interest from the same buyers across both suburbs. Similar to New Farm in so many ways, there's a distinct likeness in vendor and buyer activity, family values and lifestyle expectations, not to mention the village-type atmospheres that continue to hold so much appeal. This expansion allows us to get on the ground intel about both micro-markets, and make the most of the opportunities that brings for our vendors. 

I can't predict the future, but what I will say (or, steal from someone else) is this: 'past performance is the best indicator of future results'. Ray White New Farm has gone from strength to strength in recent years. With the partnership between Matt Lancashire Haesley Cush in 2017 came a renewed sense of camaraderie not often seen in real estate. It also allowed our team to have an eagle eye on both real estate sales and the rental market in inner-city Brisbane, north of the river. Now, with the acquisition of Ray White Bulimba, we'll be in a position to leverage these relationships and knowledge across both sides of the river.  

Looking at that quote from another perspective, looking back is a good way to assess a market's likely direction. A decade is a good snapshot of time, and here in Brisbane we've seen how the market has coped with coming out of a recession, huge growth in international buying interest, and a number of elections, as well as everything in between. Despite the many storms it's had to weather, Brisbane's luxury market continues to perform exceptionally well - and New Farm and Bulimba are the clear winners.  

In that time, New Farm has experienced the most growth of any Brisbane suburb. The median house price, which was $900,000 in 2008, has grown by 76.2 per cent and now sits at $1.586 million. Bulimba came in a close second, where the median house price grew 74 per cent (from $732,500 to $1.275 million), and things are only looking up. 

On a personal note, I have worked with Haesley and Matt for over 10 years. When I started as a green sales associate, I had big ambitions of providing exceptional service, delivering outstanding results and one day emerging as a business owner myself. So, it's a dream come true to now be in business with my friends and mentors. This is where ambition meets growth. 

So now, it is with great pleasure I can (finally!) say that if you are looking to sell or buy in New Farm or Bulimba, or surrounds, please do not hesitate to get in touch. I look forward to the challenge of emulating the growth we've achieved in New Farm, and bringing our knowledge and skills to the Bulimba and wider eastern Brisbane market. 

Cheers,

S.D.