We’re Over Half Way through 2023 – What’s to Come for Brisbane Property?
Where did those first six months go? The team at Oliver Jonker have had a fantastic year thus far, with countless sales and happy clients making 2023 a year for the books before it’s even over.
As the team has our fingers on the pulse of Brisbane’s prestige real estate, we’ve noticed a few trends surface over 2023 – and there are plenty of reasons why you should consider selling this year. Here’s what you can expect…
Increased Interest from Interstate & International Buyers
Of course, the hype around the 2032 Olympics is in no way going to settle down. With the Federal Government predicting the state’s population to grow up to more than 16% by the beginning of The Games, international and interstate buyers all wanting to snap up a piece of South East Queensland’s hottest property.
If you’re looking to make the most of this selling opportunity – you’ll want to prepare yourself accordingly. You’re in a unique position to maximise the profit of your sale.
Your choice in agent is particularly vital here, as the right team will be able to leverage such demand for higher price points. As such, we recommend you find a real estate agent that is willing to go the extra mile to ensure the best possible. That’s where we come in!
Continued Demand for Prestige Waterfront Properties
We’ve noticed this trend from buyers since late 2022 – and we predict that the demand for prestige waterfront properties isn’t slowing down anytime soon.
Prestige homes with riverfront views in Brisbane are hard to come by, and it’s causing a highly competitive sales landscape with rapidly driven prices. So much, in fact, that waterfront homes attracted a 55% premium in Brisbane last year.
As we move into the warmer months, it’s a great time to consider going to market if you’ve been considering selling your waterfront home, particularly if you’re located in high-demand areas like Hamilton. Feel free to reach out to the Northside experts at Team Oliver Jonker to get started!
The Shortage of Luxury Homes Drives Demand
Rising interest rates and economic uncertainty are no match for Brisbane’s luxury real estate market - with a distinct lack of availability of prestige properties causing demand to spread to surrounding areas. We’ve seen this with our recent sales at Oliver Jonker – with the demand for prime luxury locations like Ascot and Hamilton flowing through to Clayfield, Albion, and Hendra.
As we initially reported at the beginning of the year, the consumer trend of chasing luxury suburban homes is clearly here to stay. If you own a high-end home in the neighbouring suburbs to Brisbane’s most desired, it’s time to consider selling.
What Else is In-Store for 2023?
For the Oliver Jonker team, we anticipate many more fantastic results and record-breaking sales! If you’re searching for a team that will work with you to get you the best results, contact our expert team today.