A MESSAGE FROM WYNNUM-MANLY
Greetings from a very di�ferent world.
What started as a Brave New World in 2020, eclipsed into very unchartered territories.
During the throes of covid, home was the isolation pad, school, o��ice, and holiday resort.
People frantically wanted to renovate and upsize, after spending so long at home.
It was as if nobody had heeded Warren Bu�fet’s advice: to be “fearful when others are greedy, and greedy when others are fearful.” We saw a crazy rush of buyers, particularly �irst home buyers, paying well over the odds to secure their part of their Australian dream. My owners of rentals decided to cash in and take advantage of the market.
With the news of Brisbane winning the Olympic bid came an added con�idence (and price) boost.
However, with the onset of interest rates rising, we are now in a new normal where Fear Of Missing Out (FOMO) has given rise to Fear Of Over-Paying (FOOP)!
Having said that, we are seeing a reduction in quality homes coming on the market.
New Builds sell for premium prices, even with the new increased cost of borrowing money after the interest rate rises.
Conversely homes that are development sites and homes requiring renovations take longer to sell with the uncertainty of increased construction costs. There are some amazing opportunities available for the savvy buyer.
It’s a great time now for investors to enter the property market with the equity you would have accumulated in the last 18 months if you own in Brisbane.
We can assist with managing your property and give you sound advice when you do buy!
Great real estate in iconic positions always remain just that.
Good quality suburbs close to schools, public transport like train lines, good access to arterial roads and within walking distance to shops, particularly co�fee shops, and parks, is what people are wanting.
Finally, are there better suburbs to live in than in Brisbane’s seaside suburbs? We think not! Of course, we could be biased with the amazing abundance of walks, bird life (including birds that migrate here from Siberia – does one blame them?!), more gyms per m2 than anywhere else in Brisbane around Wynnum, and a plethora of co�fee shops and now great eating places in Manly, with new ones also coming to Wynnum!
As a result, not a week goes by without calls from buyers speci�ically asking for certain properties in our area.
Should you be reading this, and are considering selling, we would love to hear from you. Whatever your property needs, we are here to serve you. Please feel free to pop into our beautiful o��ices on Bay Terrace (next to the Co�fee Club in Wynnum). We will warmly welcome you!
Yours Sincerely, GABY MCEWAN 0401 781 116 gabymcewan@mcgrath.com.au
ALEC MCEWAN 0422 665 698 alecmcewan@mcgrath.com.au
SPECIALTY
- SOLD $2,175,000
LOT 2, 117 MOLLE ROAD, RANSOME
