Brisbane apartment sales pick up

Brisbane apartment sales pick up

by 0 comments

Brisbane’s unit market has recovered slightly in the June quarter, however, there is still a long way to go, according to Colliers quarterly International Brisbane Apartment Report.

The report, released yesterday, said 207 units were sold in the June quarter compared with 87 in the three months to March.

Brisbane project analyst and report author Lachlan Walker said while new unit sales had improved, the figures were a long way from the peaks between 2001 and 2004 when more than 500 units were sold per quarter.

“I think it’s a bit too early to say it’s been a recovery; it is more a sign of projects that can meet demand are finding buyers,” he said.

According to the report more than 1000 new units are currently on the market, a rise of almost 400 since March.

 

Brisbane’s unit market has recovered slightly in the June quarter, however, there is still a long way to go, according to Colliers quarterly International Brisbane Apartment Report.

The report, released yesterday, said 207 units were sold in the June quarter compared with 87 in the three months to March.

Brisbane project analyst and report author Lachlan Walker said while new unit sales had improved, the figures were a long way from the peaks between 2001 and 2004 when more than 500 units were sold per quarter.

“I think it’s a bit too early to say it’s been a recovery; it is more a sign of projects that can meet demand are finding buyers,” he said.

According to the report more than 1000 new units are currently on the market, a rise of almost 400 since March.

 

promoted content
Recommended by Spike Native Network
Listen to other installment of the Real Estate Business Podcast
reb top 100 agents 2016

With a combined sales volume of $13 billion in 2016, the Top 100 Agents ranking represents the very best sales agents in Australia. Find out what sets them apart and learn their secrets to success.

featured podcast

featured podcast
How this agent's commitment to clientele built him a 25k-strong client base

In this episode of Secrets of the Top 100 Agents, host Tim Nearly talks to RT Edgar’s Glen Coutinho who ranked number six in this year’...

View all podcasts

How effective are testimonials as a marketing tool?

Not effective at all
Somewhat effective
Very effective
They are the most effective tool there is
Do you have an industry update?