The weather is set to heat up shortly and so is the Brisbane real estate market, with confirmation from the REIQ that Brisbane is set to record its first consecutive increase in June quarter sales since the early nineties.

The Property Observer has quoted REIQ acting CEO Antonia Mercorella as saying “Traditionally this is one of Brisbane’s quieter selling periods but there has been a reversal of that trend over the last two years, as buyers grow more confident.”

Demand is so strong that agents across Brisbane have been reporting on a shortage of stock with hungry buyers asking for more!  Sales growth of almost 10% was recorded in the June 2013 quarter and is likely only to increase in the coming months.

While sales statistics have not yet been finalised for the June quarter, the REIQ has said they look ‘very encouraging’ and are tipping that we will indeed see our first consecutive increase in two decades.

“This is such great news for Brisbane property investors.  We are at the start of a very exciting journey for Brisbane and I am so glad to be a part of it.  The great thing is in terms of affordability, we are still such an attractive option when you pit Brisbane against Sydney, Melbourne or even Perth where the median prices remain much higher,” said Hannah Schuhmann, Principal of HS Brisbane Property.

“This indicates though we are likely to see healthy increases in the future as our market continues to heat up, we likely will not be ‘pricing ourselves out of buyers reach’ in terms of affordability which again is good news for buyers and sellers alike,” she said.

To discuss this in more detail and find out how this may affect your property value, contact Hannah today on 0419 782 133.