We're As Safe As Houses! Aussie Property Global Leader.
The Great Australian Dream has paid rich rewards for homeowners, with confirmation this week that our properties have outperformed the rest of the world in profitability.?
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The obsession with home ownership and fascination with real estate is firmly ingrained in our culture, with the insatiable appetite for property, leading us to defy a global downturn in property prices.
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Over the past five years our values have surged ahead a national average of 45% growth, compared to the global average of 31.7%.
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The independent study by PAR group also confirms the interesting trend which looks set to firmly remain post covid, the return to bigger houses to accomodate home businesses and buyer's choice to work from home.?
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The study also confirms that while the Australian market slowed in 2024, a drop in interest rates next year is likely to create another surge in interest.?
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There is no doubt we have seen a run of buyers over the past month snapping up property to beat the 2025 rush. I am also seeing Sydney buyers flying up over the weekends to look at property with a view to long term investment.
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Most of them are excited about Brisbane emerging as a sophisticated global city, with real estate providing consistent yearly capital growth, low vacancy?rates and reasonable yields.?
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Another buyer in the past month has gone on a major multi million dollar spending spree investing in 5 inner city Brisbane properties determined to get in ahead of possible rate cuts.?
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An astute investor, his strategy is a long term outlook of certainty and confidence that Brisbane will well and truly be a highly desired city post Olympics.??
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Top?10 Sales of The Week
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This week’s prominent sales in Brisbane highlight the high demand for spacious, luxury family homes across various suburbs, including those on the city’s fringes. Buyers are actively seeking properties that combine elegance, generous living spaces, and family-friendly amenities, catering to both growing families and professionals alike. These major transactions reflect the diverse preferences of today’s buyers, who are navigating Brisbane’s competitive market to secure homes that provide immediate comfort, convenience, and strong growth potential.?
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1. 10 Ludlow St, Hamilton $7,150,000
2. 99 Elliott St, Hawthorne $6,500,000
3. 63 Chermside St, Teneriffe $5,700,000
4. 73 Tooth Avenue, Paddington $5,000,000
5. 25 Dennis St, Grange $4,700,000
6. 20 Abbott St, New Farm $4,220,000
7. 29 Jerome St, Coorparoo $confidential
8. 14 Evelyn St, Grange $3,850,000
9. 83 Brisbane Corso, Fairfield $3,800,000
10. 27 Todd St, Taringa $confidential
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*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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Property Of The Week?
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This week, we are delighted to highlight Kangaroo Point as one of the hottest performers for 2024 in the market, particularly for units.?
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Last weekend, we sold an unrenovated 3 bedroom apartment in the tightly held MacLeay Towers building straight after the first open home with multiple offers.?
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This building has recorded an astonishing surge of growth this year, being a true owner occupier building with postcard views of the city and Story Bridge never to be built out.?We have a rare 2 bedroom apartment open tomorrow.
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This floorplan is absolutely enormous for a 2 bedroom and is a tightly held asset in the building.?There's also the potential to create an additional home office or sunroom in the apartment with it's generous layout.?
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This has some of the most spectacular postcard views of the Story Bridge, River and City which I have seen and to enjoy the vista is in the evening is a truly dazzling experience.?
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Cover photo courtesy of RAW Exposed.