jocelyn frost welcome to my latest western suburbs PROPERTY MARKET REPORT A property report on recent sales activity and changes to the property landscape for residential property across Anstead, Pinjarra Hills, Pullenvale, Brookfield, Kenmore Hills, Kenmore, Chapel Hill & Fig Tree Pocket.
2014 was a solid year for property with the combined residential market in Australia increasing by an estimated $500 Billion to now stand at around $5.7 Trillion.
Through the year transactional volumes, the number of reported sales, peaked in November and the total Queensland marketplace saw growth of 6.2% when compared with full year 2013 results.
The Brisbane residential property market recorded value growth of 5.8%, in 2014 which came on top of a similarly healthy performance in 2013 of 5.2%.
Even as migration and population growth are easing, demand from foreign markets and in particular China are tipped to grow throughout 2015. Coupled with the current tight levels of supply, this continued strong demand will increasingly add to upward price pressure over the coming months.
And while some pundits might lament that Brisbane has missed out on the boom-like levels of growth that Sydney and Melbourne both recorded last year and in 2013 the fact is that Brisbane is extremely well positioned to realise some impressive growth in 2015.
tipping that rates won’t change until early 2016. If you find yourself contemplating a move this year and would like to discuss how you can best make the current market work for you then call me as I would love to be of assistance. All the best, Jocelyn Frost 0414 490 270
The forecast for interest rates is that the RBA is tipped to hold them pretty tight again in 2015 with three of the big four banks tipping up to two rate cuts in the first half of the year with only CBA
quick facts 4069: There are 10,817 PRIVATE DWELLINGS in the postcode of 4069 and 93.3% of those are HOUSES. 1 family composition
9,206 families live in the postcode 4069 with an average of 1.9 children per family. The population is skewed slightly in favour of women at 51.2% of the total population.
2 education
24% of the local population have a tertiary eduction. The statewide average for Queensland is 13.5%.
3 getting to work
The majority, 57.7%, of local residents drive themselves to work with 12.3% of residents opting to travel to work via public transport.
4 big houses
There are 6,957 occupied private dwellings in the local area that have four or more bedrooms. As opposed to 2,058 that only have two bedrooms.
quick facts 4070: There are 3,640 PRIVATE DWELLINGS in the postcode of 4070 and 96.2% of those are HOUSES. 1 family composition
3,050 families live in the postcode 4070 with an average of 2 children per family. The population is skewed slightly in favour of women at 50.8% of the total population.
2 education
17.6% of the local population have a tertiary eduction. The statewide average for Queensland is 13.5%.
3 getting to work
The majority, 64.3%, of local residents drive to work with 12.6% of residents opting to travel to work via public transport.
4 big houses
There are 2,465 occupied private dwellings in the local area that have four or more bedrooms. As opposed to 931 that only have three or less bedrooms.
Jocelyn Frost · 0414 490 270 · jocelynfrost@remax.com.au · jocelynfrost.com