In this blog we analyse the Bray Park property forecast 2020.
If you’re thinking about selling or buying in the northern suburb next year, here’s what the team at Gott Realty predicts.
Property Trends Bray Park 2020
2020 could prove an excellent year for Bray Park. It is still regarded a sleeper suburb to some extent, with many buyers currently bypassing it and looking further north.
North Lakes for example, is one in-demand suburb, however Bray Park is still ticking along.
Over the last two years in Bray Park we’ve seen good median price increases. If history is anything to go by, we should see price rises again in the next year.
Buyers are always looking for value for money, and with Bray Park’s convenient location to the city rail, major road upgrades and educational infrastructure, it could be the next go-to suburb.
Buyer and Seller Demand Bray Park
The below graph is an excellent indication of buyer and seller demand for Bray Park over the past couple of years.
The red area shows the number of sales per month and the green depicts the number of listings available per month.
Days on the market is also a good indication of the marketplace. When days on the market fall to around 20ish, this indicates the health of the marketplace in the suburb. This number has remained consistently low for Bray Park over the years.
Over the past couple of months there has been a gradual increase in the number of sales taking place.
However, what is most interesting is the number of listing coming onto the market recently with an increase of about 10 per month.
2020 Property Forecast Bray Park
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.