Gott Realty are experts on the North Brisbane Property Market. With a new year well underway, we’ve put together this market update to give you all the information you need.
If you’re interested in selling your North Brisbane Property, call Steve today on 0419 777 577
Real Estate Market Report – North Brisbane
Incorporating Albany Creek, Eatons Hill, Cashmere, Warner, Bray Park, Lawnton, Strathpine and Bridgeman Downs latest real estate trends.
A promising start
The new year has kicked off well. The first few rounds of auctions recently have gone well with Brisbane and Queensland returning to normal clearance rates.
The latest CoreLogics results show that Brisbane is holding its own with a small increase in the median sale price over the year. Our own research, using CoreLogic data for this area, has shown a slightly better median sale price than what was achieved in Brisbane.
Cashmere, Bray Park, Lawnton and Strathpine have all seen exceptional growth over the year (see graph below).
For our local market, the beginning of a new year has meant a slow start particularly with back to school occupying parents’ minds in January. However, the rest of the year already looks promising.
We just listed a home in Narangba using the full suite of our top tier advertising and marketing campaign. It has already attracted excellent buyer inspections for the first 5 days.
The next week is going to give a fair indication on how the market will perform for the year.
High end sale
At the other end of the price scale in our service area we have listed a 6384m2 property in Gardonia Place, Albany Creek . We have again used the full suite of top tier advertising and marketing, plus some additional marketing in Sydney, Melbourne and Auckland.
The home is listed for offers over $1,098,000 and is ideally located at the southern end of Albany Creek, close to the city and airport. Attractive features include a small stream running along the eastern boundary line, sub-tropical native bush walking tracks and koalas and many native birds living around the home. It is the perfect place to work and relax.
The election effect
These two listed properties (mentioned above) are at opposite ends of the spectrum in these areas and will provide a glimpse into what the year has instore on the property market.
The looming election will have its usual effect of causing some disruption. Some sellers will hold off listing their homes prior to the election and we also find buyers tend to dry up as election day approaches.
This year could be a little different with the Labor Party appearing to hold stronger favour. We may see investors buying up heavily before the election to capitalise on the grandfather clause for negative gearing outlined by the Labor Party.
On the other hand we could see an influx of ex-rental properties hitting the market from those investors capitalising on selling before the Labor Party introduces its proposed increases to capital gains taxes.
Once the election is over, the market will likely resume back to normal or a little less than before. By years end, we will all look back and say it’s been a slower year caused by the election, but next year could be back to normal.
North Brisbane Property Market Update
To find out more about specific market trends in your area, speak to Gott Realty today.
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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.