Remain level-headed in a booming property market

How would you describe your property buying process so far??

• Time consuming??
• Frustrating??
• Stressful??
• Boring??

or?

• …non-existent.?

As a QLD Buyers Agent, these are the terms I hear most often.?

The reason is that Brisbane’s property market is flying.??

With a remarkable annual property price growth rate of 15.6%, all-time high property values, and the average Brisbane property on the market for just 23 days, the purchasing market has never been more competitive.?

As a result, many Queensland property buyers are missing out on properties and are driven to make impatient and misinformed purchasing decisions that they come to regret in the long run.??

To ensure you avoid this trap:?

Check out my article: How to Avoid Emotional Property Decisions in Australia’s Booming Real Estate Market.?

So just how well is the South East Queensland property market performing??

Here are some April Quick Insights for savvy property investors in QLD drawn from the latest CoreLogic Data:?

1. Brisbane property prices have hit record highs!?

Brisbane's dwelling values are currently at a record high, signalling strong market conditions and investor confidence which may imply a positive outlook for future capital gains.?

2. Brisbane property values are growing, fast!?

In the last 12 months, Brisbane's dwelling values have increased by 15.6%, outperforming all other cities outside of Perth. This has continued in recent months with a quarterly growth rate of 2.9% indicating a thriving market with significant growth potential.?

3. Brisbane properties are selling, fast!?

Properties in Brisbane are selling at the second fastest rate in the country (after Perth), this indicates strong buyer demand and a competitive market, both of which are important factors for investors to consider.?

4. Vendor discounts are falling.?

Last year, a QLD property investor could expect to take 4.2% off of the asking price on average. With competition at record highs, this number has since fallen to 3.3% in 2024.?

5. Rental yields remain high.?

The rental market in Brisbane is also showing signs of strength, with rental yields among some of the strongest in the country at 3.9%. This could be a key consideration for investors looking at QLD for potential rental income and long-term investment performance.?

But remember…?

In such a competitive market this April, you need a Buyer's Agent by your side.?

I hope that what you’ve read here has helped paint a clearer picture of the soaring real estate market in South East Queensland and Australia as a whole.?

If you want to ensure you aren’t left behind in this competitive market, or you’d simply like to speak with our team to discuss your investment goals, reach out to me today.?

For more information about how I can help you achieve your financial goals and lifestyle aspirations through property investment, visit worthpropertyinvesting.com.au.?

I look forward to hearing from you,?

Simon Read?

Queensland Buyers Agent?

Worth Property Investing?