news

Bargain buys in Brissy CBD

By webmaster

Developers in Brisbane are bolstering the standard inclusions on inner city apartments in a bid to entice buyers, a new report has found.

According to the latest Place Market Report, banks in Brisbane are valuing properties well under listed sales prices with developers having to entice buyers with added extras.

Place Estate Agents’ Lachlan Walker said such a trend is making it difficult for sellers, but providing an ideal opportunity for astute investors to buy.

"I have seen current stock being listed at $795,000 and valued at $650,000 which is not good for the market," he said.

"Developers are adding value to off-the-plan purchases to combat this trend and the best stock will always get the highest rate of sale.

"Investors buying off the plan in today's market are likely to see substantial growth in the next two to three years. There's always a risk, but it's a calculated risk," he said.

A comparative study shows that most top ranking inner city residential developments offer only standard inclusions, such as stone kitchen bench tops, an oven, panoramic suburb views and outdoor living areas, but discerning buyers want more, according to the report.

Bargain buys in Brissy CBD
SPI logo
Thank you.

Your enquiry has been sent to a local Aussie Mortgage Broker.

We will be in contact with you shortly.
Opps.

error occurred.
Unfortunately Aussie cannot attend to your home loan related enquiry at this stage as you must be a citizen or permanent resident.
Do you need help finding the right loan for your investment?
What Aussie do for you:
  • Give expert mortgage advice to help you find great investment loan deals
  • Help you maximise return by lowering financing costs
  • Save you time and effort by helping with the paperwork
First name
Last name
Location
Mobile Number
Are you an Australian Resident?
promoted stories

Top Suburbs

Highest annual price growth - click a suburb below to view full profile data:
1.
BLUE BAY 49.18%
2.
PAMBULA 43.5%
3.
BERKELEY VALE 42.74%
4.
POINT PIPER 40.52%
5.
NORTH TURRAMURRA 38.12%