“The surge in buyer numbers suggests that buyer confidence may not be as low as many thought,” national research director Tim Lawless notes.
“The result was still negative at -1.3%, however it was a substantial improvement from the falls being recorded earlier in the year, the worst of which was seen over the March quarter when values were down 3%,” Lawless says.
“We have also been seeing the ‘value gap’ between Brisbane and the other major capitals expanding.
“Brisbane house prices are now 21% more affordable than Sydney’s and 11% more affordable than Melbourne prices.
“The gap hasn’t been that wide between Brisbane and Sydney since mid-2007, and the current price gap between Brisbane and Melbourne hasn’t been this wide since late 2003,” he says.
Could be time to open our arms and welcome our neighbours from the South!
Cathy Pieroz
Emergency preparedness should be an important concern for both home owners and renters alike. Get Ready Queensland encourages all Queenslanders to follow their three-step plan to be prepared: make a plan, pack supplies and check your insurance. For more support resources and assistance, visit the Get Ready Queensland website. Remember, it’s not … Read more
Fixer-uppers are homes that require renovations or repairs. The extent of necessary work varies by property, but it can generally be expected that a fixer-upper will need at the very least some cosmetic work. In more serious cases, structural repairs may be necessary. Why do people buy fixer-uppers? The lower … Read more