It’s all happening in this exclusive inner-city triangle which is widely recognised for being home to Brisbane’s most impressive properties.
One of the most intriguing demographics is young buyers between 30 and 40 years old, purchasing assets valued at over $10 million. I’ve had three of those in the past six months.
There’s also hardly any stock; we’re 13% down on new listings to market and 60% up on buyer enquiry. When you’ve got very limited supply, particularly at the elite end, and a huge amount of buyer interest then it’s a seller’s market and we’re able to achieve market-leading results for our clients.
This should only improve further with the predicted flow of cash rate cuts by the RBA. The central bank is expected to make a 25 basis point rate cut at Tuesday’s May meeting, despite surprising jobs figures. The big four banks are forecasting between two to four rate cuts this year, yet that of course rests on the likes of inflation and wage growth.
I hope you enjoy the read.
Matt Lancashire
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