Qu News - Issue #5

The housing market has ended the financial year on a high note with Australian dwelling values rising over 1.9% over the month which has taken housing values 13.5% higher over the year.

This has been the highest annual growth rate since 2004.

Brisbane housing values were up 1.9% in June taking the financial year growth rate to 13.2% which is slightly higher than the capital city average of 12.4% growth over the year.

with demand from buyers outweighing advertised supply, the market dynamic is continuing to favour the seller over the buyer. Auction clearance rates remain well above average and with such strong demand it has empowered (private treaty) sellers to only take 25 days on average to sell.

As expected lockdown measures are affecting short term movement in the marketplace over Australia on whole, however, these periods are swiftly followed by accelerated buyer and seller activity which more than compensates for the brief inaction periods the market experiences during this time. Proving further that the property market has no need for a vaccine of its own, as it surely appears this market remains IMMUNE TO COVID!

If you are interested to know by how much your property has increased in the current market, contact us for your obligation free market appraisal today.

Compliance:

As we enter into a new financial year we are left with less than 6 months to ensure all smoke alarms are compliant with the new legislation. Any new investment properties to Qu Property are being upgraded within 30 days of obtaining management to ensure our investors are protected in good time prior to the 1st January 2022 cut off.

For more info go to: https://www.qfes.qld.gov.au