Buyers Provide Buoyancy To Brisbane
Optimism has returned to the Brisbane market with an increasing number of buyers attending open homes post-election.
On the ground, buyers appear willing to pay more and are becoming more aggressive on price. While listing volumes remain relatively flat, this could potentially push up values as the balance of supply and demand tips in favour of the seller.
Improved sentiment and increased market activity, however, will potentially entice more property owners to act. Those who have been sitting on the fence during recent uncertain times might now look to enter the market.
The recent lifting of finance restrictions by APRA will also likely put upward pressure on prices, as many borrowers begin to enjoy increased capacity.
Strong fundamentals including record infrastructure spending, population growth and reduces building approvals also likely have a positive impact
Only time will tell, but all signs suggest that the Brisbane market currently is presenting as a promising investment opportunity, and at a great price point.