There is no doubt that the homes and other kind of properties of Brisbane suburb is the most selling ones in this country. A lot of the real estate investors are looking forward for more Brisbane properties and newly developed buildings like apartments and commercial buildings. This is because they believe that many people love to live in Brisbane, which means there’s more opportunity.
Averaging just 24 days between listing and sale, they were ranked the number one fastest-selling market according to RP Data figures for the 12 months to June.
Belle Property Carina sales agent Jose Peralta said Carina Heights was in high demand from families looking for affordability and proximity.
“They are getting good value for money and starting to realise (how close it is) to Westfield Carindale,” he said.
“I noticed an increase in demand once Westfield finished their upgrades — that drew a lot of interest to the area.”
Mr Peralta recently sold a house at 128 Gallipoli Rd after one week on the market.
Owner Tony Curtis said he was surprised by the quick sale.
“We had four offers within a week, all from younger families,” he said.
Mr Peralta said quick sales were “pretty much typical” at the moment but there was more to the selling process than the listing period.
“While some properties seem to be selling fast, that’s just how it looks on the surface. There is a lot off work that goes into getting it to that point,” he said.
“At Gallipoli Rd, they didn’t just put it on the market, we worked together for a couple of months getting it ready.
“A property will sell in a reasonable time frame if the marketing and presentation is executed well.”
Of RP Data’s top 20 fastest-selling markets in Greater Brisbane, all were within the Brisbane City Council boundary, the top 10 were for houses and the top five were in Brisbane’s southeast.
Mansfield, Runcorn, Holland Park and Tarragindi followed Carina Heights on the list with 27, 29, 30 and 31 days on the market, respectively.
Mr Peralta said there were a lot of appealing features in the south east suburbs.
“They are well situated geographically to the city and north and south coasts but also they are family suburbs,” he said.
“There are so many private schools and good quality state schools.
“There’s not a lot of heavy industry so there aren’t semi-trailers and that sort of thing on the road.
“It’s a safe part of Brisbane too.”
RP Data senior research analyst Cameron Kusher said Brisbane selling times were lower both over the year to-date and compared to the same time last year.
“(Homes are) selling at their quickest rates since mid-2008,” Mr Kusher said.
“Sales volumes continue to rise across Brisbane and we would expect that the lift in buyer demand is likely to be a precursor to a further fall in the average time on market over the spring months.”
Greater Brisbane’s slowest-selling markets were Toorbul houses, with an average of 172 days on the market, and Brookwater units, with 171 days.
The slowest 10 suburbs were all outside of BCC boundaries but Pullenvale, ranked 11, averaged 145 days on the market.