The new year looks like it's going to be a cracker for Brisbane, with the Real Estate Institute of Queensland (REIQ) confirming an increase in buyer activity in the Greater Brisbane area. Those looking to sell Hawthorne real estate will be glad to know that house sales activity improved by five percent for the region, according to REIQ's preliminary figures.
It's not only houses that are doing well – units in Brisbane picked up over quarter. The activity in the unit market picked up by 11 per cent. A 13 December release by REIQ notes that the market for units generally lags one quarter behind the house market in most regions. This means that this sector is now experiencing the hot market that the rest of the real estate sector was experiencing earlier in the year.
The upshot for those with Morningside real estate or investment apartments nearby is that buyers are not only still interested in the area, but increasingly so. If selling your home is one of your New Year's resolutions, consider starting your campaign sooner rather than later to take advantage of the quieter period in January and February.