It is no surprise that Spring/Summer is always the time whereby real estate sales really start to ‘heat up' – it must be something about the glorious sunshine that leaves people more inspired and motivated. However, this summer, as the temperate starts to ramp up in Brisbane, we are also seeing an increased amount of interest from interstate buyers giving the local Brisbane market a further push as we move towards the first days of Summer.

One person who understands the movements of the Brisbane market all too well is Principal of HS Brisbane Property, Hannah Schuhmann. 

“It appears that since spring has hit, many of the interstate buyers have turning their interest to Brisbane… this is simply because our property provides a truly great offering when it comes to value for your investment and future growth potential, and the Melbourne and Sydney investors are taking note” says Hannah.

Due to this movement, local agents and many industry experts are expecting the coming months to be a solid buying season for Brisbane.

“Buying activity is building up and we are starting to witness a more competitive market here in Brisbane, especially when it comes to CBD apartments in established buildings,” says Hannah.

The typical interstate purchaser applies an aggressive strategy, often flying in over the weekend to inspect a few properties, make a purchase directly and head home.  Though local buyers may feel some extra pressure from the competition when it comes to purchases, the result is likely to be stronger growth for our market and that is music to the ears of Brisbane owners.

When it comes to maximising growth potential on a CBD investment, Schuhmann says that established apartments are where the strength really lies. As they are well positioned and the rate per square metre is cheap compared to new projects. 

“Concentrate on apartment complexes in the CBD that have a solid track record, in sought after locations like the “Golden Business triangle” around Mary Street and present low vacancy rates within the building.  These kinds of apartments are sought after and offer a much larger appeal to tenants and will continue to be in demand by buyers and investors due to their high long term growth prospects.

For everything you need to know when it comes to the local property market here in Brisbane, contact Hannah on 0419 782 133.