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June 17, 2024
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Real Estate

Buyers ‘highly motivated’ to transact amid strong growth across Queensland

David Bonaddio

News Corp Australia Network


Kate Veach is taking advantage of the high demand short supply market and is selling her apartment in West End. Picture: Liam Kidston

Property owners eager to sell are hoping to capitalise on the low stock and high demand after PropTrack’s latest data revealed the full extent of growth across Brisbane and the rest of Queensland throughout 2023.

For vendor Kate Veach, selling her apartment at the start of 2024, while the stock remains low and demand remains high across Brisbane, is a no-brainer.

“I’m thrilled to be selling right now; the supply and demand are quite favourable for sellers, especially in West End. I’m confident about getting a great result,” Ms Veach said.

“The block I’m living on is only about three years old. Some people within the block have made excellent returns on their apartments, and I thought early 2024 was the right time to sell my place.

“I’ve been in the area for 10 years. It’s a great village feel and close to some of the best schools in Brisbane. It has a great lifestyle if you’re into exercise and running great parks and bikeways, and if you’re a foodie, all of that is there as well. It makes it a great place to live no matter what you seek as a buyer.”

Ms Veach said she is optimistic for a strong result selling in January with West End’s premium location and offering, making it an excellent choice for buyers.

“For me, ultimately, selling at the start of the year allows me to go on and do what I want to do. There are great advantages to it,” she said.

Partner and Sales Agent from Atlas Brisbane, Elisa McMahon said buyers are highly motivated to transact.

“The buyers out there are astute; they’ve certainly researched the market; even the interstate and overseas buyers are very good at understanding the property market in Brisbane,” Ms McMahon said.

“The marketing of the properties needs to be strategic; you can’t use a cookie-cutter approach. As an agent, you’ve got to look at the target market and create a specific strategy for that property.”

Six months ago, the average price for a unit or apartment in West End was $672,056 and has now risen by 0.27% to $673,855.

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