We expect that heightened levels of demand from buyers will continue to be a driving force throughout much of 2021, particularly if the number of homes coming to the market for sale remains low. Throughout Toowong, Taringa, Indooroopilly and St Lucia, buyers have increased their search for properties in these suburbs by 45%.
This surge in online buyer activity is boosting numbers through open homes and in some cases, generating multiple offers on properties. In this market, we are seeing many active buyers seriously looking to purchase a home in Brisbane’s inner-western suburbs. Sales prices have remained strong and we anticipate this to be the case throughout 2021.
Median sale price for a house. Source CoreLogic, May 2021.
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