Our Brisbane Luxury Real Estate Predictions for 2025
What a year 2024 has been! Team Oliver Jonker has achieved some major milestones over the past 12 months, including over 25 sales in Brisbane’s most sought-after suburbs, setting new benchmarks for luxury properties along the way.
With such fantastic results for luxury real estate this year, there’s one question on every property owner’s mind – will the upward momentum continue in 2025?
Supply Shortage Keeps Demand Strong
According to Domain’s FY25 report – Brisbane, Perth, Adelaide and Sydney are forecast to lead price gains and reach new records within the next financial year. In fact, it’s possible for Brisbane to become a million dollar city by the end of 2025, with Ray White projecting that we could soon have more 7 figure suburbs than Victoria.
Despite the competitive environment, property appreciation may grow at a slower pace than in recent years, with stretched affordability, potential interest rate adjustments, and easing migration trends expected to moderate growth, although demand remains robust.
Bidding Wars are Increasing
High demand for luxury properties has led to a consumer trend of extremely competitive bidding, especially in Brisbane’s blue-chip suburbs like Hamilton, Ascot, and Clayfield. This year alone, we've seen several record-breaking sales in these areas, reflecting a clear appetite for high-end real estate.
As such, sellers can strategically price their homes to initiate interest and maximise offers, as more buyers compete for limited listings. In situations like these, auctions have proven to be the most effective method for sellers, often driving up final sale prices as motivated buyers aim to outbid one another.
The Infrastructure Boom
With transformative projects like the Cross River Rail, Brisbane Metro, The Olympic Village, and Queens Wharf development set to complete in the coming years, we can expect to see a significant shift in property demand. These projects are anticipated to elevate property values city-wide, especially in areas with easy access to the new transit and entertainment hubs.
Properties within proximity to these major infrastructural developments can command a premium due to their increased connectivity and convenience. If your property is near these new hubs, be sure to feature this in your listing to appeal to buyers interested in capital growth potential.
Dive Right into 2025
The Brisbane Luxury Real Estate Market is primed for substantial growth in the next year. For those looking to sell, this is an opportune time to capitalise on strong demand and increasing property values.
For a team that knows the Brisbane luxury market inside and out, contact us today to get your selling journey started. Our expertise in navigating this competitive landscape can help you achieve the best possible outcome for your property!
