Ensure you never miss an issue of the
real estate business bulletin
Better open home numbers signal stronger Qld

Better open home numbers signal stronger Qld

by Steven Cross 0 comments

Open home attendee numbers are up in Queensland as property buyers snap up homes in record time, according to a number of agents.

In Brisbane’s north Kim McHardy, principal of Raine & Horne Chermside, said that buyer attendances have surged by 10 per cent since Christmas.

“Residential sales have picked up in 2013, with buyers noticeably preferring houses over units,” said Mr McHardy.

“Houses are in vogue at the moment and most homes appearing on the market are turning over fairly quickly.”

Mr McHardy said his office recently sold a four-bedroom modern residence in just 24 hours, for an asking price of $820,000.

“We had five groups through this home at the first inspection and we sold it the very next day,” said Mr McHardy.

Recent data from the Real Estate Institute of Queensland (REIQ) suggests property is beginning to move in the Sunshine State, with units and townhouses particularly popular.

According to RP Data's most recent Property Market Indicator, to the week ending April 14, the total number of listings in Brisbane are down 7.7 per cent on-year at 23,495. These results are calculated across properties that have been advertised for sale over the past 28 days.

Christie Leet, principal at PRDnationwide Whitsunday office, said attendee numbers at his open inspections have increased by almost a third.

“Attendee numbers are definitely up - I’d estimate around 30 per cent for our business," he said.

“The best part is that those people who attend the inspection are translating into faster sales times – so the market’s moving along quite well.

“We’ve sold more than a property a day since the beginning of March, which is considerably better than last year,” Mr Leet told Real Estate Business.

Better open home numbers signal stronger Qld
lawyersweekly logo
promoted content
Recommended by Spike Native Network
Listen to other installment of the Real Estate Business Podcast
reb top 100 agents 2017

The REB Top 100 Agents ranking is the foremost ranking of agents in Australia. It has set the bar for excellence in Australian real estate. To be ranked as an REB Top 100 Agent is the standard real estate professionals strive for. See the full 2018 ranking here!

featured podcast

featured podcast
An industry where the resilient succeeds

Tim Heavyside believes that a strong support team and good foundations are paramount to success in the real estate industry, and with regu...

View all podcasts

Would you consider working for Purplebricks or a similar 'DIY' model?

Yes (7.2%)
No (80.9%)
Perhaps - make me an offer (12%)

Total votes: 209
The voting for this poll has ended on: July 13, 2018
Do you have an industry update?