Brisbane apartment and unit prices at an all-time high
The Brisbane market is up a whopping 13.6 percent this year. It should be no shock to anyone that's watched the market over these past few years that inner Brisbane city property has been seeing some massive growth. There are many factors at play driving the prices of real estate in Brisbane city up.
Recently, the Reserve Bank of Australia decided to hold interest levels in place. This is good news for potential buyers, as it should mean borrowing costs remain in place and that the market will continue to see increased demand from investors and owner-occupiers, alike.
Another major factor is the influx of investors that are beginning to see Brisbane as a hot market. With strong rental yields and high potential for capital growth, it's no wonder investors are flocking to the city. But it's not just investors driving up prices. First home buyers are also opting for apartments as a more affordable option for getting their foot in the door of the inner Brisbane city property market.
Couple all of this with high net migration rates, and it's no wonder that demand for housing in Brisbane is at an all-time high.
If you're considering selling your Brisbane property, now may be the perfect time. With demand at an all-time high and prices continuing to rise, it's a great opportunity to maximise your return on investment. Whether you're interested in selling your Brisbane apartment, or putting your family home on the market, Junction Estate Agents can guide you through the process. Contact Junction Estate Agents today to start the selling process.