Property Buyers have increasing confindence in the Brisbane housing market in time for peak spring selling season.
Ninety-five properties were registered to go under the hammer on the first weekend of spring, among reports of record numbers of bidders at open homes due to an increase of perceived value and confidence within buyers.
Brisbane’s auction clearance rated jumped up almost 20% above average.
There’s an overall change in confidence in the Brisbane real estate market as people are investing in Brisbane and are confident making these purchases as reflected by the prices for the homes.
As earlier reported, Brisbane is one of the best performing capital cities in the country as it is not seeing decreases in property value in the way Melbourne and Sydney have seen throughout the year.
The buyer confidence is also supported by the slow and steady growth as there is less perceived risk of a boom and bust within the market.
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