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The federal election in May 2019 proved to be a key turning point in the Australian property market. The boost from the election result, plus interest rate cuts and a relaxation of APRA’s loan serviceability criteria, have all contributed to improved market conditions and buyer sentiment. The defining factor for the property market in 2020 will be number of properties coming on the market for sale.
February to April are typically the busiest selling months in Brisbane’s inner-western suburbs. However, in 2020 CoreLogic reveals that advertised stock levels remain persistently low. As market conditions and buyer sentiment improve, a shortage of properties available for sale will put upwards pressure on local property values.
Researching the market?
Median sale price for a house. Source CoreLogic, January 2021.
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