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HS Brisbane Property
0419 782 133
+61 (0) 7 3254 0888
sales@hsbrisbaneproperty.com.au
PO Box 15301
Brisbane City East
Queensland 4002
Australia

CBD Property market moves in early 2013

It only seems like yesterday that we were toasting the New Year in with champagne, and now we have almost a third of 2013 behind us.

How has the Brisbane CBD market faired in 2013?

Let's take a look at a snapshot of the CBD market by analysing our figures ...

  • Busy buyers: February and until late March was very busy, with a few quieter weeks with the Easter holidays in full swing and Anzac Day providing another 'short week' opportunity for many to enjoy the last warm days of summer. We've seen website traffic steadily increasing each month with March a record month – the highest monthly visitor figures since I started my company.
  • Investors? Owner occupiers? Until March, all properties that we sold were 'cut and dried' – all sellers were investors and all buyers owner occupiers – mainly from Queensland but also interstate. But since then there's been an interesting turnaround with investors buying and a mix of both selling. Traditionally the CBD does get a strong majority of owner occupiers buying at the beginning of the year due to job change.
  • What are they buying? Again, we've seen a change in the buying preference. Early in 2013 were mainly 2-3 bed units, reflecting the predominantly owner occupiers who were buying. Again this tallies in with the job/location changes that often happen at the beginning of the year. Since March it's both two and one bed units that have been most popular. Many investors appear to be targeting lower price ranges. The high-end buyers are showing interest in researching and looking but have become more cautious once it comes to actually buying a property

While factors such as the upcoming September federal elections and the May federal budget may cause some ripples in the marketplace, the solid start to 2013 shows that there is a new 'spring in the step' of the Brisbane CBD market.

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