Expat Buyers Warm Brisbane's Winter Property Market

A few days ago I enjoyed one of the world's best views of stunning Burleigh Heads, over a fabulous lunch with some of the leading agents, property managers and administrators from our business at the glorious Rick Shores.

Is it any wonder, Baz Lurhman declared it was the combination of a Rick Shores' bug roll and incredible location, which sealed the deal for him to film his epic rock'n'roll fever dream Elvis in Queensland.?

What we certainly take for granted is what the rest of the country and indeed world envies and the proof is in the continued climb in Brisbane house prices confirmed by PropTrack in the graph below, lead by a steady migration of 1,000 southerners a week and expat's planning their mid year return home.

A shortage of rental properties is making buying decisions easy, coupled with lifestyle and affordability.?

The cold weather has Southerners longingly eyeing the Queensland Sunshine keeping our market warm, while their markets hibernate.

This Week's Top 10 Sales

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Brisbane?Riverfront?continues to command its trophy as prized real estate with another record sale topping this week's sales.?Riverfront records consistently make a?clear statement of the continued confidence in the demand for lifestyle and?river?frontage.?Our team's sale of?9 Sword Street, Ascot?also made the list and continues to be in the top sales achieved so far this year in the 4007 postcode.

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Take a look at the full list below:

1. 31 Needham St, Fig Tree Pocket $9,000,000

2. 38 Beeston St, Teneriffe $5,050,000

3. 37 Rakeevan Rd, Graceville $4,650,000

4. 47 Orleigh Rd, West End $4,350,000

5. 9 Sword St, Ascot $3,700,000

6. 136a Wynnum Rd, Norman Park $3,500,000

7. 502/130 Sydney St, New Farm $3,400,000

8. 12 Emerson St, Toowong $3,250,000

9. 2 Galaxy St, Bridgeman Downs $3,200,000

10. 26/29 Harbour Rd, Hamilton $2,850,000

?*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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Post Election Market Report?

Want to know why Brisbane's is Australia's leading capital city?

Our comprehensive report below outlines the key suburb performers and top prestige sales.

We also predict why Brisbane will remain Australia's most stable property performer.

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To read our report, click here.?

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Property of the Week?

This week, we launched?10/12 Lapraik Street, Ascot?to the market - an?Ascot landmark, dating back to 1938.?Exuding all the charm and glamour of a bygone era, apartments in this tightly held building are coveted collector's items and are highly sought when offered to the market. Going to Auction on Friday 8th July at Level 26, 111 Eagle Street, Brisbane City from 10:30am, if not SOLD prior.?

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We look forward to seeing you at our open homes.

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Christine, Mia, Dan and Zara