January Starts Strong For Brisbane Property

Welcome to 2024 and what a whirlwind January has been for the Brisbane Property Market.? Buyers flocked to open homes from the first week in January, with huge groups across both apartments and inner city houses.?

Our experience launching into 2024 continues to see that there are quality buyers in the market and a critical shortage of stock.?

To give?you an?example, our agency hosted an in room auction last weekend dedicated purely to apartments. We achieved a 100% clearance rate with multiple registered bidders on every property. This was highly competitive.

Additionally, the past two inner city apartments I have sold, have sold PRIOR to auction, with our clients achieving record prices.?In one instance, one of our clients achieved a 70% uplift on her original 2020 purchase price.?

Our January Highlights!?

• 100% clearance at our first Apartment Auction event
• Record apartment sale within 2 days on market
• Prestige property in hot demand
• Inflation down, fixed interest rates drop
• Buyers out in force
• Brisbane makes New York Times A list

The Facts from Ray White Chief Economist Nerida Conisbee

Most importantly our Ray White Chief Economist confirms Brisbane continues to lead the nation with property growth.?Inner Brisbane, which includes suburbs such as New Farm and Paddington, saw its median rise by just over $120,000.?To read Ms Conisbee's full report,?click here.?

We have every confidence 2024 will continue to see Brisbane shine as Australia’s most desirable capital!

Brisbane’s top 10 sales

In line with what we are seeing, riverfront apartments are continuing to command record prices with a continued shortage of quality stock. A magnificent waterfront apartment in Kangaroo Point tops the list.

Demand continues for fully renovated properties and builders and materials continue to also remain in short supply for time poor Brisbane renovators, opting to instead pay a premium for the finished product.??

The demand extends to a mix of apartments and units, solidifying the trend of buyers prioritising contemporary living spaces.

1. 109/1 Scott Street, Kangaroo Point $6,200,000

2. 76 Lapraik Street, Ascot $confidential

3. 110 Browne St, New Farm $4,275,000

4. 86 Oceana Terrace, Manly $confidential

5. 102/180 Dornoch Tce, Highgate Hill $3,650,000

6. 2/248 Wellington Rd, Kangaroo Point $3,000,000

7. 147 Kent Rd, Kalinga $2,800,000

8. 115 Constitution Rd, Windsor $2,700,000

9. 18 The Promenade, Camp Hill $2,550,000

10. 67 Rosebery Tce, Chelmer $confidential

Off Market Opportunities.?

We have a number of exciting off market opportunities available. Please contact me directly for details.?

1. New Farm One Bed Unit (link here)

2. Brand New Newstead Penthouse (Contact for more details)?

3. Hamilton Sub-Penthouse (contact for more details)?

Feature Property.

38 Creswick Street, Clayfield

Close of Best Offers this Friday the 2nd of February

Positioned in one of Clayfield's most desirable pockets, surrounded by some of Brisbane's most prestigious homes, 38 Creswick Street epitomises relaxed Queensland living.

Perched high on the hill, this charming character residence opens to an expansive light filled family home, capturing views to Moreton Bay and cooling breezes from its prized North East aspect.

This is an ideal home for families looking to secure a blue-chip asset in one of the best suburbs in Brisbane, in a leafy green street with wonderful neighbours and within walking distance to some of Brisbane's best schools, parks, cafes and shops.

The wide frontage provides magnificent street appeal, with a classic white fence framing the character facade. The inviting entrance exudes the original romance of the era with guests greeted by the original working fireplace, sitting room and crystal chandelier. The elegant home then expands to a light filled open plan living area with views to the bay.

Finally, we welcome new faces to our business for 2024. We are delighted to have Caitlin Messer join our team as Operations Manager and Grace Scammells in the capacity of sales associate.? We look forward to assisting you this year and welcoming you to our client's beautiful properties.?

Have a great weekend.

Christine