Why it could be cheaper to buy than rent

This week we sold a property to clients who were initially considering renting for the next 12 months. After looking at the limited availability of suitable rental properties to meet their needs, as well as the rising costs of rentals, they decided that buying provided them both certainty as well as the cost effectiveness of investing their hard earned money back into an asset.

There is a sense of comfort with many buyers at present about the Brisbane market as prices continue to perform with stability. In many cases, buying continues to be a more cost effective option over renting, particularly with the long term projections of Brisbane's property growth remaining solid over the next decade, driven by both a sound economy, strong employment and the Olympics.

Want to know more about?buying vs renting?

In Brisbane, units appear to be the best option according to the report below.??

Click here to read more.

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This Week's Top 10 Sales

A massive suburb record breaking $12,500,000 sale takes the top spot on this week's list of Brisbane's leading sales. Take a look at the full list below:

1. 29 Laidlaw Parade, East Brisbane $12,500,000

2. 76 Oxlade Drive, New Farm $5,520,000

3. 114 Browne St, New Farm $confidential

4. 37 Birkalla St, Bulimba $3,500,000

5. 35 Sentinel Court, Raby Bay $3,250,000

6. 33 Elizabeth St, Paddington $2,720,000

7. 8 Plymouth Court, Raby Bay $2,677,777

8. 22 Winnam St, Stafford $confidential

9. 251 Kent St, Teneriffe $2,580,000

10. 16 Abbott St, New Farm $2,550,000

?*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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?Brisbane Market Report?

Will Rate Rises Affect Brisbane's Property Market? Want to know more?

To read our report, click here.?

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Property of the Week?

Located within the blue-chip Bretts Wharf Complex, Windermere Tower is one of Brisbane’s most admired inner-city apartment developments. Fully renovated with the highest of finishes, this luxurious riverfront residence offers timeless style and superior quality all within a private gated community with endless resort style facilities.?32/23 Harbour Road, Hamilton?is for sale by negotiation, contact me for further details.?

We look forward to seeing you at our open homes.

Christine