Madonna Boon
Property Manager
Key Takeaways –
In real estate, timing is everything. This is well-known among new buyers, seasoned investors, and real estate pros. Right now, many are looking at the Brisbane property market, wondering if it’s the right time to invest or better to wait.
Recent numbers show good signs for Brisbane’s property market. In the last two years, the average price of properties in Brisbane went up by 15%. The average house price jumped from $650,000 in 2021 to $742,500 in 2023 [1].
In this article, we will explore the facts and trends so you can make an informed decision about investing in Brisbane’s property market.
Brisbane is making a name for itself on the global stage. A big highlight was when The Calile Hotel got a special mention. It secured the 12th position in the inaugural World’s 50 Best Hotels List [2]. This was a big deal because it was the only hotel in Oceania to get this honour.
People love its cool Miami-style design and often share pictures of its pool deck on Instagram. This achievement shows how Brisbane is becoming a place people around the world are noticing.
Brisbane’s growing reputation doesn’t stop at a fancy hotel. The city is on its way to becoming a global destination. There’s a lot more happening that puts Brisbane in a good light internationally. This growing global recognition is also good news for the property market.
It brings more people, more business, and more opportunities to the city. All these factors make Brisbane’s property scene even more attractive to buyers and investors.
Brisbane’s property market is bouncing back. After a tough time, it’s now showing signs of recovery which is good news for buyers and investors.
The prices of properties are on a steady rise. Over the past months, the average prices have been going up little by little. This shows that the market is gaining strength and moving in the right direction.
The fact that prices are going up shows that demand is growing too. More people are looking to buy, and that’s pushing prices higher. Brisbane is doing well compared to other places in Australia, making it a good place to think about buying or investing in property.
Big things are coming for Brisbane, especially with the 2032 Olympics on the horizon. This major event is expected to bring many changes to the city.
The 2032 Olympics is more than a sports event; it’s a big deal for Brisbane [3]. It’s expected to draw people from around the world, bringing international attention to the city. This means more people will come to live, work, and invest here, which is good for the property market.
Along with the people, the Olympics will also bring economic benefits. There will be new jobs, better infrastructure, and more business opportunities. This will likely make the city a more attractive place to live and work.
Besides the economic benefits, the lifestyle in Brisbane is also expected to get a boost. The city will improve its facilities to accommodate the international event. This could lead to better public transport, more recreational areas, and improved public services.
The federal government has shared some forecasts about how many more people will be living in Queensland in the near future. They expect the population to grow by more than 16% by the time Brisbane hosts the Olympic Games in 2032.
This is a significant increase, and it’s likely to have a big impact on the city, especially the property market. With more people living in Brisbane, there will be more people looking for places to live. This higher demand could push property prices up.
It’s a simple supply and demand situation – when more people want houses, the prices of houses tend to go up.
Not only housing but this population growth will likely bring more economic activity. More people means more jobs will be needed, more services will be used, and overall, the economy will likely see a boost.
Let’s look at some recent numbers to understand the growth in Brisbane’s property market. The data shows a positive trend, with property prices on the rise.
In August 2023, CoreLogic reported that Brisbane house prices went up by 1.5% [4]. Proptrack’s report for August also showed a lift in home prices by 0.27%, following a 0.37% rise in July.
These figures are a good sign. They show that the property market in Brisbane is doing well, with prices going up steadily. This isn’t just a one-month thing but a trend over a few months which is a positive sign.
Analyzing these reports helps us see the upward trend in property prices. It paints a picture of a strong property market in Brisbane, which could be a good sign for buyers and investors.
When we think about the long-term, Brisbane seems to be on a good path, especially in the property market. The city is growing, more people are coming in, and with big events like the 2032 Olympics on the horizon, things are looking up.
Now, let’s talk about the property market. With prices going up steadily, it seems like the market is gaining strength. This is a good sign for anyone thinking about buying or investing in property here. If this trend continues, the value of properties in Brisbane could go up even more in the long term.
But is now the right time to jump in? Well, with the current momentum in the market, it might be a good opportunity to invest. Property prices are rising, and getting in now could mean watching your investment grow over time.
Also, with the upcoming developments and the positive economic outlook, the future seems promising for Brisbane’s property market. This could be the right time to take advantage of the growing market and make a move.
Brisbane’s property market is showing a lot of promise. With steady growth in property prices, more people moving to the city, and big events like the 2032 Olympics coming up, the future looks bright.
This article explored various factors that make Brisbane an attractive place for property buyers and investors. The numbers are positive, and the city is gaining attention not just locally but globally too.
If you’re thinking about investing in property, now might be a good time to consider Brisbane. Take a closer look at the facts and the trends, and see if this is the right move for you. There’s a lot happening in Brisbane, and this could be your chance to be a part of it.
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As spring unfolds, the real estate landscape of Queensland’s Gold Coast and Sunshine Coast presents unique opportunities.Â
These regions are known for their dynamic property markets, characterized by a mix of high demand for apartments, limited house availability, and an intriguing balance of on-market and off-market properties.Â
The spring season often signals a time of increased activity and potential for both seasoned and new buyers.
The Gold Coast is located in the southeastern corner of Queensland, Australia, approximately an hour’s drive south of Brisbane. This prime location offers an ideal blend of urban living and natural beauty.Â
The region is characterized by a wonderful climate, boasting over 60 kilometers of golden sand along its coastline, which makes it an idyllic place to enjoy the Australian sun. The weather here is conducive to outdoor activities all year round.
One of the main attractions of the Gold Coast is its stunning beaches. With over 20 unique beaches stretching along 35 miles of coastline, there’s a beach to suit every preference.Â
Popular spots include Surfers Paradise, renowned for its bustling atmosphere, and Mermaid Beach, known for its laid-back appeal.Â
The region is also famous for its excellent surfing conditions, drawing surf enthusiasts from around the world. For those new to the sport, numerous surf schools in the area offer easy surfing lessons.
Beyond the beaches, the Gold Coast offers a wide range of activities and attractions. The area is home to several theme parks, including Dreamworld, Sea World, and Wet’n’Wild, offering entertainment for all ages.
The Gold Coast Hinterland provides opportunities for nature lovers to explore rainforests, encounter wildlife, and engage in outdoor activities like hiking, biking, and even adrenaline-pumping adventures like bungee jumping and white water rafting.
The Gold Coast is also known for its vibrant nightlife and diverse dining options. Areas such as Surfers Paradise come alive at night with a variety of clubs, bars, and nightclubs. The region’s culinary scene is equally impressive, featuring everything from casual cafes to fine dining restaurants, catering to all tastes and preferences.
For shopping enthusiasts, the Gold Coast offers numerous options, from local markets selling crafts and food to large shopping centers like Pacific Fair. These markets and malls provide an extensive range of shopping experiences, making it a haven for those who love to shop.
The Sunshine Coast is a picturesque region in Queensland, Australia, known for its stunning white sand beaches and pristine natural beauty.Â
The coastline is complemented by lush rainforests and Heritage-listed national parks, offering tranquil and scenic settings ideal for relaxation and outdoor activities.
The region’s subtropical climate ensures comfortable weather year-round, with mild temperature variations. This climate makes the Sunshine Coast an appealing destination for visitors and residents, enabling them to enjoy outdoor activities in almost any season.
Nature enthusiasts find a haven on the Sunshine Coast, with opportunities for bushwalking, wildlife watching, kayaking, and paddle boarding. The Pumicestone Passage Marine Park and various scenic waterfalls enhance the region’s natural charm, offering unique experiences for those who love the outdoors.
The Sunshine Coast boasts a vibrant cultural scene. It is a hub for artists and craftsmen, featuring local markets, art galleries, and theaters. These cultural venues provide opportunities to engage with the local arts scene, adding a cultural depth to the region’s natural allure.
Recognized as Australia’s Craft Beer Capital, the Sunshine Coast offers a variety of craft beer experiences. The local dining scene showcases the region’s fresh produce in an array of cafes and restaurants, catering to diverse culinary tastes.
Accommodations on the Sunshine Coast cater to various preferences, ranging from luxurious hotels to quaint bed and breakfasts. The region is accessible via the Sunshine Coast Airport and is conveniently located near Brisbane, enhancing its appeal as a tourist destination.
The Sunshine Coast hosts a range of vibrant events and festivals throughout the year, including music festivals, sports events, and cultural celebrations. These events contribute to the lively and dynamic atmosphere of the region.
In the following section, we delve into the dynamic and evolving landscape of the Gold Coast’s real estate market, exploring its current opportunities and trends in detail.
The Gold Coast real estate market is experiencing a dynamic phase characterized by high demand for apartments across various price brackets.Â
This surge is primarily driven by migration trends, resulting in a vibrant market with a diverse range of opportunities. However, this demand is juxtaposed against a backdrop of limited house availability, creating a competitive environment.
In terms of growth, Southport and Palm Beach are key areas to watch. Southport, with its strategic location and entry-level housing options, attracts a wide array of buyers.Â
Meanwhile, Palm Beach offers affordability and convenient access to Brisbane, making it a desirable location.Â
Both areas are witnessing an uptick in property values, suggesting strong potential for investment and indicating a thriving market with opportunities for both immediate gains and long-term growth.
Research from SQM suggests that a townhouse (typically three bedrooms) saw an increase of 25.3% in rent, and it is expected that this could rise by as much as 8% in 2023 [1]. In Coomera alone, two-bedroom properties have increased by 24% in the last year, sitting at a median sale price of $500,000 [1].
Here, we offer an in-depth look at the Sunshine Coast’s real estate market, highlighting its unique characteristics and identifying areas brimming with investment potential.
The Sunshine Coast real estate market is distinguished by a mix of on-market and off-market properties.Â
This unique blend reflects a market that is adaptable and diverse, offering a range of options to prospective buyers. The area’s property types are varied, catering to different preferences and investment strategies.
Key areas such as Sunshine Beach, Minyama, and Caloundra are highlighted for their growth potential. These locations are experiencing infrastructural enhancements and population growth, making them attractive investment opportunities.Â
Additionally, lesser-known areas like Currimundi and Wurtulla are gaining attention for their potential, offering promising options for investors looking for emerging markets.
The rise of the Sunshine Coast has been rapid and dramatic, causing house prices to double in the last eight years. This means that the median price for a Sunshine Coast home is now sitting at $985,000 compared to $492,000 back in 2015 [2].Â
It’s important to make an informed decision, which is why we offer a strong service to help you navigate the market and the complexities that come with it.Â
The real estate market is highly influenced by interest rates and market cycles. Keeping a close watch on these trends is vital for buyers and investors, as they can significantly impact property values, investment returns, and overall market dynamics.
Our buyer’s agents play a pivotal role in guiding clients through these market fluctuations. Their expertise lies in uncovering hidden market opportunities and providing strategic advice tailored to individual investment goals and market conditions.
As spring ushers in new opportunities in the Gold Coast and Sunshine Coast real estate markets, it’s an ideal time for buyers to explore these dynamic regions. The season brings a range of promising prospects for investors and homebuyers alike.Â
Our Queensland branch stands ready to guide you through this journey, offering expert advice and unparalleled market insights to help you make confident and informed decisions.
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Hiring a buyer’s agent can be a wise decision when you’re in the market to purchase a property. A skilled buyer’s agent can save you time, money, and stress by guiding you through the complex process of finding and acquiring your dream home or investment property. However, not all buyer’s agents or advocates are exceptional, so it’s crucial to ask the right questions before engaging their services. In this article, we’ll explore essential questions to pose to a potential buyer’s agent to ensure they can represent your best interests and meet your specific property-buying needs.
Experience is often a key indicator of a buyer’s advocate’s proficiency in the field. Asking how long they’ve been in the business can provide insights into their knowledge and expertise. A buyer’s agent with several years of experience might have encountered various scenarios, developed valuable industry contacts, and honed their negotiation skills. However, a shorter time in the industry doesn’t necessarily disqualify an agent, as they may bring fresh perspectives and a strong commitment to serving their clients.
This is another good question to ask a buyer’s agent because it helps you determine if they’re the right fit for your needs. An agent with expertise in your desired area or property type can provide more valuable insights and potentially better outcomes. And if you’re particularly interested in checking out off-market properties, you should seek buyer’s advocates with extensive experience and network to deliver those options.
Understanding a buyer’s agent’s recent purchase activity is essential to gauge their current level of involvement in the real estate market. Ask the following questions:
How many properties have you bought in the last 12 months?Â
This question will help you assess their real estate transaction volume and whether they are actively engaged in the market.
How many off-market listings have you secured in the last two years?
Off-market properties can offer unique opportunities, especially in competitive markets or for luxury properties. An agent who is well-connected and experienced in securing such properties can be a valuable asset.
What was the timeline from sign-up to purchase for your last three to five clients?
This is one of the good questions to ask a buyer’s agent because it provides a realistic expectation of the buying process timeline based on their recent experiences. It can also help you understand the agent’s efficiency and the current market conditions, including property values in the local market.
While a buyer’s advocate’s primary role is to help you purchase property, it’s also valuable to inquire about their other relevant experiences in the real estate industry. Ask if they have any background in real estate sales, property management, or any related fields. Such experiences can help them gain a more comprehensive understanding of the market and its nuances.
As opposed to just a Certificate of Registration, a full license indicates a higher level of expertise and experience. It shows the agent can work independently and has met more rigorous qualification standards, which is crucial for effectively representing your interests. You can also ask if they’re a member of the Real Estate Buyers Agents Association of Australia (REBAA) to evaluate their commitment to professional standards and ethics. A REBAA membership also suggests the agent is dedicated to ongoing education and adheres to a code of conduct.Â
Social proof matters when assessing a buyer’s agent’s credibility and reliability. Here’s what you should do:
Talking to different buyer’s agents and asking about their fee structures is vital for transparency and helps ensure alignment of interests. A fixed fee model, for instance, can indicate that the particular home buyer advocate you’re talking to is focused on getting you the best deal rather than merely maximising their commission.Â
With this question, you can identify potential conflicts of interest. An exclusive buyer’s advocate only represents property buyers or property investors, which can mean their focus is solely on your needs without the potential divided loyalty that could come from also selling properties or collaborating with a real estate agent.
You can follow that up with this question: How do you handle situations where multiple clients are interested in the same property? This question addresses potential biases and helps assess how the agent prioritises clients’ needs. You can then ensure fair treatment and avoid competing against other clients of the same agent.
What else can you ask a buyer’s agent before hiring them? Consider this question, as it reveals the agent’s commitment to ongoing education and market awareness. A good buyer’s agent who stays current with property market trends and continuously refines their property search methods is better equipped to guide you.Â
Clear communication is essential in any professional relationship. Ask this question to a potential buyer’s agent to see whether they can provide exceptional customer service and if their availability aligns with your needs. You don’t want to engage with an advocate who has no time for you—no matter how good they are in their field.Â
Choosing an experienced buyer’s agent who can meet your requirements is vital. Start by knowing what questions to ask a buyer’s agent to evaluate their experience, recent activity, additional expertise, and social proof. Also, remember that the relationship with your buyer’s agent should be built on trust and open communication. Take your time to research and interview multiple buyer’s agents to ensure you find one who aligns with your goals and has a proven track record of success in helping clients achieve their real estate objectives. With the right buyer’s agent, you can navigate the property market confidently and make well-informed decisions.
Purchasing a property is a significant life decision that requires careful consideration and thorough research. One of the crucial steps in the home-buying process is the initial property inspection. During this stage, you have the opportunity to assess the property’s condition, suitability, and potential issues before making a commitment. In this blog, we will discuss what to look for at initial property inspections to ensure you make an informed decision.
One of the often-overlooked aspects of a property inspection is checking the ceiling heights, especially in the downstairs area. It’s essential to verify that the ceiling height complies with local building regulations. In some regions, there are minimum ceiling height requirements, and failing to meet these standards can lead to legal issues or difficulties when renovating in the future.
You can measure the ceiling height to ensure it meets the local standards and is comfortable for your needs.
The backyard of a property can reveal important information about its condition and potential issues. Pay close attention to the following:
Retaining Walls: Check for any retaining walls in the backyard. Are they structurally sound, or do they show signs of damage or instability? Replacing or repairing retaining walls can be costly, so it’s essential to assess their condition.
Sewerage Manholes: Locate the sewerage manholes in the backyard. Ensure they are easily accessible and not damaged. Blocked or damaged sewerage systems can lead to expensive repairs.
Drainage: Look for proper drainage systems in the yard. Puddles or poor drainage can lead to water damage and other issues over time.
Inspect the overall quality of the property’s construction. Keep an eye out for the following red flags:
Visible Cracks: Check for cracks in the walls, ceilings, or foundation. Small cracks may not be a significant concern, but large, widening cracks could indicate structural issues.
Peeling or Water Stains: Peeling paint or water stains on walls and ceilings may suggest past leaks or ongoing moisture problems. Investigate further to determine the cause and extent of any water damage.
Damage Assessment: Look for any visible signs of damage, such as rotting wood, damaged flooring, or compromised insulation. These issues can be costly to repair.
The property’s surroundings are equally important. Take a moment to assess the streetscape and the neighbourhood:
Well-Maintained Street: Is the street well-maintained and clean? A well-kept street can indicate a sense of community and pride among residents.
Problem Houses: Are there any problem houses in the neighbourhood? Houses with frequent police visits or visible signs of neglect can negatively affect your living experience.
Consider the property’s location in relation to essential amenities:
Proximity to Main Roads: Evaluate how close the property is to main roads. While convenient for commuting, proximity to busy roads can bring increased noise and traffic.
Access to Public Transport: Check if there are nearby bus stops, train stations, or public transportation options, especially if you rely on public transit.
Shops and Services: Are grocery stores, schools, healthcare facilities, and other services within walking distance or a short drive? Easy access to amenities can greatly enhance your quality of life.
Finally, assess the property’s layout and functionality. Does the layout meet your needs and preferences? Consider factors such as the number of bedrooms, the flow of the living spaces, and the overall design. A functional and well-designed layout can contribute to your long-term comfort and satisfaction with the property.
An initial property inspection is a crucial step in the home-buying process. By paying attention to ceiling heights, backyard conditions, build quality, streetscape, proximity to amenities, and the property’s layout, you can make a well-informed decision. Remember that hiring a professional home inspector is advisable to uncover any hidden issues and ensure your potential new home is a sound investment. Take your time during the inspection process, ask questions, and seek expert guidance to make the best choice for your future.
In the dynamic world of real estate, finding the perfect property can be a daunting task. The market is constantly evolving, and every property comes with its unique set of challenges. To navigate this complex landscape successfully, it’s crucial to have an experienced and dedicated partner by your side. Universal Buyers Agents is the answer to your property acquisition needs, offering a range of compelling reasons why you should consider their services over other Buyers Agents.
One of the standout features of Universal Buyers Agents is their team dynamic. Unlike a lot of buyer’s agents who are entering the industry with just their real estate certificate and operate as solo practitioners, Universal Buyers Agents boasts a team of experts from various fields related to real estate. This diverse set of skills ensures that clients receive comprehensive support throughout their property acquisition journey.
Universal Buyers Agents’ team includes former real estate agents, property managers, business development managers, construction experts, and finance professionals. This breadth of experience allows them to approach property acquisitions with a well-rounded perspective. Whether you’re dealing with the intricacies of property management, navigating the construction process, or securing the right financing, their team has the expertise and connections to guide you every step of the way.
Universal Buyers Agents’ track record speaks for itself. Having secured over $650,000,000 (well over half a billion dollars) worth of property, they possess an in-depth understanding of the market’s dynamics. This extensive experience means they know what works and what doesn’t when it comes to property acquisition.
Universal Buyers Agents’ commitment to serving clients extends beyond state borders. They operate on the ground in both Queensland (QLD) and New South Wales (NSW), providing their expertise to clients across these regions.
Whether you’re looking for a property in the sunny coastal areas of QLD or the bustling metropolitan centers of NSW, or looking to invest in other states such as SA and WA, Universal Buyers Agents can assist you in finding the ideal property.
Experience is an invaluable asset when it comes to real estate, and Universal Buyers Agents has it in abundance. With years of experience in the sector, they have honed their skills and cultivated a deep understanding of the market’s nuances. Having operated since 2016, they have now completed seven years in the industry, which is a testament to their longevity and commitment to helping buyers achieve their real estate goals.
One of the significant advantages of working with Universal Buyers Agents is their extensive network of connections within the real estate marketplace. Their relationships with real estate agents are particularly noteworthy. These connections provide them with access to invaluable insider knowledge, giving their clients an edge when it comes to finding off-market properties and gaining insights into pricing trends.
Real estate agents often share more information with Universal Buyers Agents than they would with the average buyer. This level of trust and rapport allows Universal Buyers Agents to negotiate on behalf of their clients more effectively and secure properties that might otherwise be out of reach.
In addition to their exceptional buyer’s agent services, Universal Buyers Agents offers comprehensive property management services, making them a one-stop-shop for investors. This holistic approach allows investors to not only acquire properties but also seamlessly manage and maximize the returns on their investments. With Universal Buyers Agents, you can trust that your investment properties are in capable hands, ensuring peace of mind and consistent returns.
In conclusion, choosing Universal Buyers Agents as your partner in property acquisition is a smart decision for a multitude of reasons. Their team’s dynamic range of expertise, years in the industry, extensive marketplace relationships, proven track record, nationwide reach, and comprehensive property management services make them stand out in the competitive world of real estate. When you work with Universal Buyers Agents, you’re not just getting a buyer’s agent; you’re gaining a dedicated team of experts committed to helping you secure the property of your dreams and manage your investments effectively. Don’t navigate the real estate market alone; choose Universal Buyers Agents and experience the difference for yourself.
Open house inspections are a pivotal part of the property hunting process. They provide an opportunity to explore potential homes, get a feel for different neighborhoods, and gather valuable information. However, they can also be a bit of a social minefield. To ensure you leave the best impression and gather the information you need, it’s essential to know what not to do during these viewings. In this blog, we’ll delve into the common pitfalls to avoid at open house inspections.
Punctuality matters. Arriving late to an open house inspection can be disruptive to both the agent and other attendees. Conversely, showing up excessively early might make the agent feel rushed and show eagerness. Aim to arrive on time, allowing the agent to provide you with the necessary information and answer your questions comfortably.
While it’s great to have the support and opinions of friends and family, bringing a large group to an open house can be overwhelming and off-putting to the agent and other potential buyers. Limit your entourage to a select few whose input truly matters to you.
One of the most crucial points to remember during open house inspections is to maintain your composure. Agents are adept at reading body language, and revealing too much enthusiasm can potentially harm your bargaining position. It’s often advisable to maintain a “poker face” and not overly express your interest in the property. This includes not revealing your budget.
While it’s perfectly acceptable to ask questions and seek clarification, avoid making unnecessary negative comments about the property. Criticizing the decor, layout, or condition of the property can be seen as rude and may affect your rapport with the agent. If you have concerns, express them tactfully and constructively.
Open house inspections have a schedule to keep. Spend an appropriate amount of time exploring the property and asking questions, but avoid lingering excessively.
While engaging with the agent, be cautious about revealing your budget. Agents may use this information to tailor their approach and potentially influence your decisions. It’s generally a good practice to keep your budget confidential until you’re ready to make an offer.
Open house inspections offer a unique opportunity to explore potential homes and gather valuable information. To ensure a positive experience, remember to be punctual, respectful, and composed. Maintaining a “poker face” when it comes to your level of interest and budget can help you negotiate from a position of strength when the time comes. By following these guidelines and practicing good open house etiquette, you’ll leave a lasting impression and make the most of your property search.
Team Piper | Universal Buyers Agents
Darren Piper, Nicole Irwin & Kylee Luong
Property Manager
Buyers Agent
Business Development Manager
Buyers Agent
Searcher and Sourcer
Buyers Agent
Searcher and Sourcer – Team Piper
Buyers Agent
Senior Property Manager
Client Concierge
Associate
Buyers Agent
