The figures are in – nationally – property values finished the financial year 13.5% higher.
As reported by Core Logic – home values rose 1.9% in June nationally. The growth was led by houses which rose 15.6% over the year, compared to a 6.8% rise in unit values. This is the highest annual rate of growth seen since 2004.
Table from Michael Yardney
Our local property prices have continued to strengthen month on month with stock levels low compared to demand. During June, we had the pleasure of launching three new properties to market. A grand Clayfield Queenslander on 1,416sqm held by the same family for 59 years, a modern two level home in the heart of Ascot and a tidy townhouse in Morningside. All under contract within the first week of the campaign with multiple offers.
Working with our sellers, we have great success by adopting a pricing campaign that permits offers from day one. Guiding buyer price expectations, creating competition and ensuring we are responsive to buyer requirements, ensures we make it a seamless buying experience whilst a rewarding result for our seller.
We are hearing some commentary that prices have started to soften and supply is tightening again. Is this the winter lull or a strengthening trend? We haven’t seen this in our market as buyer demand is strong across all price points and property type. With investors returning and incentives from first home owners and single parents coming into play from the 1st July, we don’t foresee a softening in the market in the short term.
If you have made the decision to move or would like to explore your options, we are working with a number of buyers keen and ready to purchase their next home. Could we introduce them to your home?
Our door is always open – You are our focus.
0438 767 439
6/10 Dukinfield Street, Bowen Hills
- 1 bed, 1 bath, 1 car
- Multiple applications