I was talking to another agent this week from Spring Hill.
Sam Mayes has sold apartments in the inner city of Brisbane for the best part of the last ten years.
He has seen the rise, the fall and according to Sam last week, the bottom.
November was a record month for his office.
Outside the capital city every coastal agent that I have spoken to is poised for a bumper summer with the Sunshine Coast an absolute stand out against all other Queensland coastal markets.
After taking a canning post Global Financial Crisis CF the Sunshine Coast is back with a vengeance.
On hearing that the inner city markets are recording strong transactions and coastal markets are trending upwards it only leaves the regional markets to add to the pulse check.
I spoke with Andrew Allan from Ray White Gladstone.
In his words “We have hit the bottom”. The general feeling from the market out there is the prices are representing such good value, when positioned against previous sales, that even local buyers are starting to take advantage of the prices on offer.
This sounded very similar to what Sam was telling me last week about CBD and city fringe sales. While Gladstone and Spring Hill are some distance apart both markets have faced fairly rough market conditions in recent times. With both those markets and our tourism driven regions now starting to see inquiries increase and sales hit the table, there is strong evidence that 2018 could be a great year for the entire Queensland property market.
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