Here at Gott Realty, we like to keep you up to date with the latest property trends, so here are 5 reasons Bray Park is the next property hot spot.
If you’re looking for a centrally located place to live, that’s still far enough away from the hustle and bustle of the city but you haven’t quite hit the jackpot just yet, we have a spot that may just tick all the boxes for you.
Whether you’re looking to buy, sell or invest in the market, here are the top 5 reasons Bray Park is fast becoming the next property hot spot:
- It has been under the radar of most buyers for years.
- The new University at Petrie.
- Major road up grades.
- Proximity to Motorway North and Southbound.
- Low price of homes compared to other suburbs in a similar location from the city centre.
What makes Bray Park the next property hot spot?
Bray Park is one of those lucky suburbs that has been under the radar from many buyers over the last few years, but now the tide is turning.
With the new university opening next year; faster rail services to the city already available and major road up grades taking place in the area, Bray Park is becoming flavour of the month.
Over the last year there has been a keen interest growing for Bray Park. Growth in prices has been steady and sales volume have been steady at around 9 per month. There are about 40 homes on the market at any one time and an average of 18 days on the which is considerably low.
Many current long-term Bray Park residents are looking to relocate with either a sea change, tree change or for some, to retirement villages.
If you’re looking to renovate there are plenty of homes needing an update or makeover in turn, providing an excellent opportunity for buyers who like to purchase a home with modern decor on a larger allotment close to the city.
When is the best time to sell?
Warmer weather often sparks a change with many people thinking about selling.
Other factors that come into play when deciding to sell is end of year transfers. The military has a major rotation taking place before the end of the year as well as the education system and corporate. This movement in employees creates opportunity for buyers and sellers alike.
So, September – December is often a busy time for real estate.
What buyers are looking for in a home
Apart from the convenient location and facilities – Bray Park offers a ideal land sizes. Being developed in the late sixties and early seventies the average lot sizes are mostly around 600m2. This is popular with many buyers who are used to seeing the average 400m2 allotments with houses practically touching each other.
Buyers are attracted to the prospect of having more space around the home for kids to play and even room for a shed or swimming pool. As well as the mostly flat lots, which make renovations and improvements easy.
5 Reasons Bray Park is the next property hot spot
If you’ve got a home in Bray Park and are wanting to sell while the market is popular, get in touch with our team to find our how much your home is worth.
Thinking of selling your home? Speak to Gott Realty today!
If you’re looking for a real estate team that is honest, respectful and always acting in your interests, speak to us today about how much your home is worth.
Our team has unprecedented access to local property data and insights, and we are here to help you sell your property for the best price possible with the least amount of stress.
Gott Realty service Albany Creek, Eatons Hill, Cashmere, Warner, Lawnton and Bray Park and many more areas across North Brisbane. Learn more here on our blog.