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Property market recovery still has some momentum

There’s been a lot of debate recently about what the national property market doing – and more importantly which direction it’s heading in.

However, SQM Research believes the recovery isn’t over just yet, which could spell good news if you’re looking to invest in Bulimba real estate.

Managing director Louis Christopher recently released his Housing Boom and Bust Report, which explained how the market will continue to expand in 2014 and well into 2015.

Mr Christopher is keen to play down suggestions of a housing bubble, which would occur if property prices became so unsustainable that people struggled to get onto the ladder.

“Some cities are heading into overvalued territory, but the point overall is the market is far from a bubble situation when taking into account historical valuations over the past 30 years,” he commented.

SQM Research recently pointed to a fall in residential stock listings across Brisbane, which declined 4.5 per cent between August 2013 and 2014.

Cities along the country’s east coast are among the strongest performers at the moment, whereas those exposed to the mining sector are seeing a prolonged downturn.

If you’re hoping to secure your dream property in one of Brisbane’s top quality suburbs, seek the services of Ray White Bulimba.

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