Property Buyers Agent and Real Estate Agent, Is it the right time to buy in the Brisbane market?

Property Buyers Agent and Real Estate Agent, Is it the right time to buy in the Brisbane market?


– Hi everyone, it’s Sue
from Scott Properties Group. I’ve got the pleasure of being
with Vanessa Harte today, from Ray White in Ascot,
thank you for joining us. – Thank you so much for inviting me along. – No, it’s my pleasure. So this is a real estate
educational check-up for you. So we’ve got a few things
that we’re going to discuss, and we’re actually with
Vanessa today and we will be meeting up again with
her in another few weeks to do another couple of videos, as well. But the first one that
we’re going to roll with, if that’s okay with you,
Vanessa, is an old, old story, but one that is always valuable to ask. Is it the right time to
buy in the Brisbane market? – I think it’s a fantastic time to buy in the Brisbane market, I
mean, the southern states have been slammed with their prices, and everyone keeps telling us that prices have come down by 10%. Brisbane prices have been really steady, we haven’t seen huge amounts of loss, I think they’re running about 1.5%, which is pretty negligible
in people transacting like-for-like properties,
and no two home is the same. We haven’t really seen those losses, but the predictions for
Brisbane into 2020 and ’21 are about 13% growth, so property here is probably undervalued, it’s
an excellent time to purchase. – And I think it’s very true, too, that the big hikes in Melbourne and Sydney didn’t really affect us here. – No, no. – We’ve always been the good — – We were the steady.
– Steady, steady. – Steady and around about 4%.
– That’s right. I think the only time
it has been interesting has been the excess unit stock. – Yes. – That has been a little bit of an issue, I think, on the whole.
– Well units came back about 30% over the last
two to three years. But they seem to have flattened out, we’re not seeing those losses anymore, and we’ve actually seen
a lot more interest, particularly with owner
occupiers in unit stock. – I had a chat with Vanessa earlier on, and we were saying that
it’s very interesting that the investor market
is not at it’s best, here in Brisbane, I don’t think, and on the Sunshine Coast, as well, but the home owner market is very strong. – Very strong. – Very strong, and a lot
of people, I believe, and I don’t know about
necessarily where you are here in Ascot, which I have to say
is one of my most favorite — – Yes, we are very lucky (laughs). – Suburbs of Brisbane, is a lot of downsizing as against upsizing. For us, a lot of people
have got their bigger homes and they just wanna get something smaller. On saying that, when I say smaller, it doesn’t necessarily mean that small. – No (laughs). – But smaller than what they’re used to. And a lot of that I think is — – Less maintenance. More than a smaller
property, less maintenance. – I think that’s what
it’s all about, really. It’s an age old issue, as you get older you don’t want all the gardening, but you want everything
around you that’s good. So that’s where, perhaps,
the unit market here, is of really good value. I’m not so sure what the body corporates are like in the city,
they’re probably no worse than they are in Noosa,
’cause they run very high, probably better, probably.
– Probably less. You know, I think the
average body corporates are somewhere between five
and $7000, on average, for something with a lift,
– Which for a city. And a pool, and gym possibly
– And a pool, yeah. – And when you think that
some of the resorts in Noosa, they can be as high as 13,000 a year. – It’s a lot of outgoings,
if you’ve retired, that’s a big outgoing.
– Exactly. It’s like having a mortgage,
and you’ve never had one. (laughs) Or you’re getting another mortgage back. So, that’s really good to know that somebody that’s on the ground all day in this area, is good. And you cover a very broad area really. – Inner north, really,
I mean, Ascot, Hamilton, Clayfield, Wooloowin,
Hendra, they’re our primary core areas.
– And they’re my favorite, favorite areas, of course, and don’t we all like that part of. – Truly the most beautiful
homes in Brisbane, we’re surrounded by
beautiful Queenslanders, but we’ve also got some really beautiful modern homes, as well. – Yes I think that’s been interesting, that where perhaps the
Queenslanders have been removed, or lifted, or taken,
people have been, I think, and the planning, I like to
believe that the planning, too, have been very sincere in the
way they’ve actually looked at new property, so that it’s — – So it blends in with the old homes. – It blends in with the old,
and I think that’s lovely to have that balance, boats
in the river, as well. That’s fantastic, thank
you so much Vanessa, I really appreciate that feedback. For guys out there who are viewing this, and would like to see more of these videos that we frequently are putting up, please go to our Facebook page, Property Buyers Forum,
they’re all uploaded on there, if you want to join just click, and you’re very welcome,
we’re growing rapidly. We have a great team of property
mentors across the board, real estate, lawyers,
conveyancers, who are all there, very happy and willing to help you with any queries that you might have. So please feel free to do that. In the meantime, Vanessa,
we’ll see you next time. – That’s lovely, thank you so much. – Thank you so much. Bye now. – Bye.

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