A MESSAGE FROM PAMELA NEILSON
Brisbane has reigned supreme as the king of property price growth with a staggering increase of 33 percent over the past 12 months, a fact well and truly evident in our Bayside region. As most savvy buyers and sellers know, the last 12 months have seen some incredible growth in all markets.
House prices escalated with the onset of Covid-19 and as the pandemic and working from home continues and with people placing a higher value on privacy, it has inspired our southern counterparts to venture north and make a lifestyle change.
Brisbane’s Bayside offers a laid-back coastal vibe with easy access to the bay islands with some of the best beaches in the country and everything needed for a convenient family lifestyle right on our doorstep. Southern investors see good value in our area and as a result we have experienced a real estate “frenzy” with properties being sold as soon as they hit the market for unprecedented sums of money.
We are now experiencing a change in the market place with interest rate increases of 1.75 percentage points
since early May definitely taking a toll - affordability being the first factor that cools the market down.
The market generally remains strong, however, the rate of price growth has slowed. I wouldn’t say the market is cooling - I’d say it was getting back to normal. A lack of stock has driven this year’s strong price gains however this is now changing.
Traditionally research suggests winter is the quietest market and spring time sees a renewed energy return to the market place with more properties becoming available for sale. The number of properties on the market has dwindled with demand still being high - this should encourage sellers who have been considering selling their property.
Tenants are battling one of the strongest landlord markets in over a decade after rents soared to new heights for both houses and apartments. Rental returns and very low vacancy rates have created competitiveness with tenants making it a very appealing location for investors.
All in all our property market is still holding strong.
Redland City really does offer value for money. We have a diverse range of property to choose from - whether it be a first home, an investment property or a beautiful waterfront property, we have it all. But most of all we have an amazing lifestyle - come and pay us a visit ... you won’t want to leave!
Yours Sincerely,
PAMELA NEILSON 0422 446 477 pamelaneilson@mcgrath.com.au
SOLD BY PAMELA NEILSON
32 SENTINEL COURT, RABY BAY - SOLD $8,500,000
168 MAIN ROAD, WELLINGTON POINT - SOLD $4,700,000
18 SEAHAVEN COURT, RABY BAY - SOLD $3,100,000
16 CAPTAINS COURT, RABY BAY - SOLD $2,950,000
9
34
- SOLD $2,600,000
- SOLD $980,000
36
- SOLD $817,000
30
- SOLD $808,000
PLYMOUTH COURT, RABY BAY
RABY ESPLANADE, ORMISTON
CARLINGFORD DRIVE, THORNLANDS
