Last Thursday evening we had our annual property update evening. Tim Lawless, Head of Research spoke first and gave a macro view of the national property market before focusing in on SE Qld. His summary was:
• Some green shoots have appeared across the capital city housing markets, with dwelling values showing some upwards movement since June.
• The number of home sales is slowly improving from a low base, however market conditions continue to broadly favour the buyer rather than the seller.
• Local headwinds will continue to be felt in the labour market and resources sector which may create a lack of confidence.
• Renewed population growth, a low interest rate environment and a compelling value proposition will arguably be the strongest market drivers.
Scott McGeever , from Property Searchers then spoke about the specifics of the Brisbane market, including buying tips and the benefit of using a fee for service buyers advocate.
If you would like copies of the presentations please get in contact with us.
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