Brisbane boasts all three and vendors are becoming justifiably cocky. In 2016 vendor confidence translated to increased asking prices across the city according to figures from SQM Research published by News Corp.
East Brisbane vendors led the charge with a 4.9% increase in average asking prices. Vendors in northern Brisbane and the CBD pushed list prices up by 3.7%.
SQM Research managing director Louis Christopher said much of Australia’s east coast, including Brisbane had recorded buoyant market conditions in 2016 while Perth and Darwin remained in a downturn.
The data showed Brisbane was in good shape for a strong start to 2017.
How confident are vendors near you? Check out the average asking price increases over 2016 for your area:
- East Brisbane 4.9% – $701,400
- Northern Brisbane 3.7% – $805,200
- Brisbane CBD 3.7% – $805,200
- West Brisbane 3.6% – $554,600
- Beenleigh corridor 2.7% – $461,700
- South East Brisbane 1.7% – $569,000
- Inner Brisbane 1.6% – $888,300
- Southern Brisbane 1.5% – $568,800