As we step into the ever-evolving world of Brisbane’s property market, it’s crucial to stay informed about the shifts and trends that are shaping the way we buy and sell properties. Over the past year, the landscape has seen significant changes – the shortage of on-market properties and the surge of off-market opportunities have created a unique dynamic that both buyers and sellers should be aware of.
Comparing the current state of the market to this time last year, on-market properties have seen a staggering decline of over 27%. This scarcity of available properties listed on the open market has led to increased competition among potential buyers. The limited supply has prompted buyers to be more strategic, competitive, and discerning in their decision-making, driving up property prices and making the buying journey more challenging.
However, within this shifting landscape, there’s a silver lining. Universal Buyers Agents has noticed a remarkable increase in available off-market properties. These are properties that are not publicly listed but are discreetly marketed to a select audience. Why is this trend on the rise?
1. Privacy and Discretion: Sellers, recognizing the value of privacy, are opting for off-market transactions. This approach allows them to find buyers without the spotlight of public listings, making the process more personal and discreet.
2. Ease of Transaction: Off-market opportunities often lead to faster transactions. Without the pressure of public competition, negotiations can move swiftly, benefiting both buyers and sellers.
3. Cost-Effective Approach: Some sellers are opting for off-market listings to save on marketing costs. With the assistance of Buyers Agents like us, they can connect with serious buyers without the need for extensive marketing campaigns.
4. Tailored Matches: Universal Buyers Agents specializes in matching buyers and sellers based on specific preferences. Off-market properties provide us with a canvas to create tailored matches that meet the unique needs of both parties.
As the property market continues to evolve, understanding the interplay between on-market scarcity and off-market opportunities is essential for making informed decisions. So, if you’re a buyer navigating heightened competition, we’re here to guide you through the journey.
At Universal Buyers Agents, we pride ourselves on our industry expertise, extensive network, and commitment to finding the perfect match for our clients. Feel free to reach out to us for a personalized consultation and discover how we can help you succeed in this evolving market.
Team Piper | Universal Buyers Agents
Darren Piper, Nicole Irwin & Kylee Luong