An Overview: Home Buyers have the Upper Hand in Queensland

PointCorp

Level 2, 25 Donkin Street, Oxley

House

West End QLD

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Australia

1800 773 779

While Sydney still has the throne for business, many individuals, especially

professionals, think it is not a great fit for their families. Housing prices continue to rise

in the city. Amid the worsening traffic though, many are turning to the housing market

in Queensland.

Queensland as an Extreme Buyer’s Market

With listings surprisingly outnumbering home loan approvals, Queensland recently

earned the title “an extreme buyer’s market” alongside Tasmania. Unlike in Sydney,

supply is outweighing the demand in Queensland.

New research says that although the

commute is somehow longer, the lifestyle

in Queensland is better for many. Data

shows the location has been favourable for

buyers for some time now, as the ratio of

home loans and properties are swinging in

favour of buyers. This means homebuyers

have the upper hand in negotiations.

With this, a growing number of

Australians working in other different cities

are making fly-in-fly-out arrangements.

Opportunities in Brisbane

Brisbane, a city in Queensland, is particularly a buyer’s market, according to

experts. This is because potential buyers can purchase a high quality 3-bedroom

apartment on the water for half the price of what they can pay for the same property in

Sydney. Even with the extreme drop, buyers still have great employment opportunities,

good schools, and an upscale lifestyle.

Three-bedroom apartments, in particular, have been highly sought after as they

have become rare in recent years. Brisbane in Queensland has many of them.

Queensland has some of the best buying opportunities in the country. Its regional

coastal areas and the outer suburbs of Brisbane have the best opportunities for the

year, with prospects of the Brisbane housing market generally improving.

There is a pickup in growth, and it

seems that it is moving towards a balanced

market for the next months.

All in all, the data simply reveal

coastal and regional property markets have

the best deals for buyers.

RESOURCES:

http://www.pointcorp.com.au/brisbane-apartments/3-bedroom/

http://www.news.com.au/finance/real-estate/find-out-where-home-buyers-can-negotiate-the-best-deal-and-where-sellers-have-all-the-control/story-fncq3era-1227086619749

http://www.yourinvestmentpropertymag.com.au/market-report/qld/qld-excerpt-from-the-2014-november-market-report-192603.aspx