There are a number of economists tipping 2014 to be a solid year of growth for the Brisbane real estate market. Last year saw a turn around from the 2011 marginal price drop, but we think that as long as interest rates stay around current levels there will be strong confidence in the market for the next 3 – 6 months. It appeared that toward the end of last year that investors and first home buyers had done their rate watching and were certainly ready to start buying. Our buying division struggled to secure well priced properties in the $300k – $500k bracket with most going into multiple offer situations in the first few days on the market.
What ever the outcome will be, we hope you have a prosperous 2014 and continue to enjoy the property market just as we do!
Peter.