Multiple Offers on YOUR Property!

 What happens when you’ve found ‘the one’? No, not your future wife or husband, but the place that you could call home? This is the property that made those 37 weekends of endless trudging around the open home circuit worthwhile. No weekend BBQs for ages, no...

Welcome to 2017…aahhh…2022

Where are you now? Have you moved forward to 2022 or are you still back in 2017?Another new year, more goals, another birthday this year and for some dreams coming true, yet for others, dreams still on hold and consigned to the New Years resolution list……..again. So,...

You Heard It Here First

You Heard it here only a few months ago!     For the last few months our good friends (not), the banks, have been slowly pushing up the rates on fixed term loans and yes, you guessed it, all the other rates will probably follow in the very near future....

How Busy Has It Been?

Wow! Has this year been super busy or what? Who would have thought that we would see a market like this in our lifetime and especially riding the back of a global pandemic? As far as property searches go, some people are just “over it!”.Having said that, there are the...

Do You Buy Now or Drop Your Standards Later?

Choices are getting difficult.For the moment at least, choices are getting harder to make. If you’re trying to keep up with property prices by working harder and saving more, you’re currently fighting a losing battle. Right now, you’d be flat out keeping pace let...

If It Ain’t Broke, Don’t Fix It

This age old saying in the vernacular also works with mortgages. But why? Fixed interest rates on a home loan are often higher than variable rates, but it’s all dependant on the global bond market. Fixed rates are funded by the global bond markets, meaning the bank...

Why Haven’t Prices Plummeted?

We’ve got Covid, a recession and had lockdown all over the place, but property remains strong and seemingly getting stronger?We all remember the dire predictions in the press this time last year with most property pundits espousing everything up to a total collapse of...

How Many Property Booms Have You Missed So Far?

You can count them on this graph.Personally, I haven’t missed any since 1998. Can you guess why that is? The reason is because I bought my first property in 1998, so I’ve had my toe in the water ever since then. Sure, there have been a couple of slower periods in that...

How Fast is Your Dream Slipping……Ahh…..Powering Away From You?

Have you been keeping a close eye on the market lately? Haven’t we all! It’s hard to believe some of the crazy things going on at the moment. This makes it all the more important to take action so you don’t see your dreams like you see a jet fighter…………disappearing...

The Cheap Money Boom!

Are we really in a property boom period just now? Maybe, but is it really a property boom? What I believe we are seeing just now is the largest, most concentrated cheap money boom that I for one have ever seen in my entire life and I’ve lived a lot of my life, so... #main-header, #top-header, #main-footer { display: none!important; }

Is Southern Interest in Queensland Property Keeping the Market Strong up here?

Brisbane housing continues to maintain a strong showing during Covid.

Throughout the entire Covid experience, property in general has remained strong, with Queensland leading the charge in many areas. Housing values in the Queensland capital are currently only 0.5% under the pre-Covid high point. The unit market however, remains the usual drawback.

Rentals see some difference with house rents rising slightly since the onset of Covid, however unit rents have dropped just over 1.5%. The drop in unit rents has been seen Australia wide and can be attributed to three main factors:

  1. The loss of many jobs in the hospitality industry, historically staffed by young graduates and school leavers, has seen many of this demographic leaving their shared units and heading back home to live with their parents.
  2. A large number of short term rentals such as Airbnb etc, now have little to no tenancy due to the near complete shutdown of the tourism industry and greatly reduced business travel. These properties, a vast number of which are units in the major tourist areas and CBD, are now on the market as long term rentals.
  3. The total shutdown of overseas migration has seen the demand for unit rentals drop drastically.

In total, this situation has created a large over-supply and greatly reduced demand for units. The drop in unit rentals also results in reduced interest from investors, also putting pressure on sales and prices.

So, is it southern migration that is keeping the housing market strong?

A different type of migration, that being internal migration from Australia’s southern States to Queensland has always been a positive historical factor in the rapid growth of south east Queensland. “Mexicans” moving one or two borders north for retirement has been almost a compulsory addition to the Australia superannuation scheme plan.

Covid, however, along with Queensland’s ability to handle the situation better than others, seems to have accelerated the desire of many to make the move a little earlier. Recently, there have been a number of indications of increased interest from the south with increased enquiries. Only last week, a Brisbane suburban mortgage broker reported three random “out of the blue” enquiries from Melbourne, regarding property loans for Brisbane.

Such factors give vendors confidence to maintain higher prices and leave properties off market awaiting advances via Melbourne and Sydney Buyers Agents.

Get in ahead of the rush from the south before it becomes a stampede. If it becomes a stampede, properties will be scarce and prices will skyrocket.

 If you want access to the many currently off-market, pre-market and post-market properties in Brisbane, in addition to well negotiated cheaper prices, contact PPBA for your FREE consultation. The first step in buying your property is coffee. Our shout.

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