SCOTT RUMBLE PRESENTS
JULY TO SEPTEMBER 2024
MARKET UPDATE
As we look at the remainder of 2024 and into 2025, Brisbane continues to assert itself as one of Australia’s leading capital city housing markets. The city’s property values have surged significantly, marking an impressive 56.81% growth since the onset of COVID-19, and are currently reaching new heights.
This remarkable growth has propelled Brisbane’s median home values beyond those of Melbourne, underscoring the city’s expanding appeal and robust market strength. Despite an increase in the number of homes listed for sale and rising property prices impacting affordability, the Brisbane property market is expected to maintain its upward momentum for the remainder of 2024.
A key factor driving this trend is a slowdown in construction, which has constrained the supply of new housing and intensified competition for existing properties. The early part of the year saw a boost in both buyer and seller confidence, with potential rate cuts on the horizon that could enhance borrowing capacity and fuel further demand.
According to recent analysis by Ray White, Brisbane is on track to surpass Melbourne in the number of million-dollar suburbs by 2025. As of May, there were 174 suburbs in Queensland with median house prices exceeding $1 million. If the current growth rate continues, Brisbane is poised to see a significant rise in highvalue suburbs in the near future.
On the rental front, Brisbane is facing a crisis with a very low vacancy rate. While this is advantageous for property owners, it has exacerbated challenges for renters, making affordable housing increasingly scarce.
In summary, Brisbane’s property market remains dynamic and promising, driven by strong demand, limited supply, and a growing number of high-value suburbs. However, the ongoing rental market pressures highlight the need for attention to housing affordability and availability.
The purpose of this report is to help shed some light on the current market and as always I would be more than happy to discuss any of the information or questions you may have from this report.
Scott Rumble
Scott Rumble
Licensed Real Estate Agent 0449 041 474
scottrumble@raywhite.com
ASHGROVE AT A GLANCE
Ashgrove is a highly sought-after, leafy suburb located just 5km northwest of Brisbane's CBD. Spend your weekends exploring the local walking and cycling trails that wind through the picturesque streets and parks. Ashgrove boasts an abundance of amenities, including boutique shops, cafes, and restaurants, as well as several schools and the Ashgrove Shopping Village. The popular Ashgrove Marketplace is a community hub, featuring a variety of specialty stores and a vibrant local atmosphere. For outdoor enthusiasts, Ashgrove offers beautiful green spaces like the Marist College Sports Fields and the serene Taylor Range, which provide walking paths and picnic spots for families and friends.
Transport: Ashgrove is well-connected to the city with reliable bus services offering convenient access to Brisbane CBD and surrounding areas. Major roads facilitate easy commuting, making it an attractive choice for those who work in the city.
History: The suburb has a rich history, named after the Ashgrove Estate established by early settlers. The area has evolved over the years, maintaining its heritage charm while developing into a thriving community.
Shopping: Enjoy local convenience at Ashgrove Shopping Village and the Ashgrove Marketplace, which hosts a range of shops and eateries catering to daily needs.
Medical Services: Residents can access quality healthcare at the Ashgrove Family Medical Centre and nearby facilities, including the Royal Brisbane and Women’s Hospital, ensuring that medical services are close at hand.
Education: Ashgrove is home to a range of public and private educational institutions, catering to diverse learning needs and contributing to the suburb's family-friendly appeal.
Whether you’re a long-time resident or new to the area, it’s easy to see why Ashgrove attracts so many people. With excellent transport links, top-notch schools, and a thriving local business scene, Ashgrove has much to offer for everyone.
ASHGROVE SNAPSHOT
$1.73M
MEDIAN SALE PRICE (12 MONTHS)
13.4%
SUBURB GROWTH (12 MONTHS)
155 # SOLD PROPERTIES (12 MONTHS)
*SOURCE: REALESTATE.COM.AU
ASHGROVE RECENT SALES
ASHGROVE HOME OWNERSHIP
Other
ASHGROVE TRAVEL TO WORK
Worked
Walked
Motorbike/scooter
Other Categories
ASHGROVE OVER THE YEARS
ASHGROVE PEAK SELLING PERIOD
ASHGROVE FAMILIES
Couples
One
Other
ASHGROVE DWELLING STRUCTURE
FIVE REASONS TO STYLE YOUR HOME FOR SALE
When it comes time to sell your home, usually you have two goals. The first is to achieve the highest sale price possible; the second is to sell as quickly as possible. When you want to sell your car, you clean it up beforehand to make it easier to sell. Even though the job is bigger with a property, the same rules apply.
Styling a home can enhance its presentation to potential buyers and results in a higher sale price. Here are five reasons we recommend it to our clients.
DECLUTTERING
A professional stylist can organise your living space, creating an illusion of expansiveness. Even compact rooms can exude a sense of openness when they're not crowded with your possessions. This feeling of roominess translates well both in photographs and in real life, enhancing the perceived size of the property for potential buyers.
DEPERSONALISING
In addition to decluttering, a stylist will depersonalise your space by removing personal photos and other items, creating a neutral environment. This approach presents your home as a blank canvas, which is highly effective as it enables potential buyers to envision the property as their own. When faced with family photos and souvenirs from travels, there are constant reminders that the space belongs to someone else. By removing these elements, buyers can more easily visualise themselves living in the space, an essential aspect of the buying process.
BRIGHT AND WELCOMING
A skilled stylist will showcase your home to maximise natural light and amplify the sense of space. Through the use of bright wall colors, strategic decluttering, and thoughtful furniture selection, they enhance openness and cultivate a warm atmosphere. This approach immediately welcomes viewers, making them feel at ease the moment they step inside the property.
HIGHLIGHT THE BEST FEATURES
Every property possesses unique features that can captivate potential buyers, whether it's a breathtaking view from a large window or a stunning kitchen design. A stylist has the expertise to arrange rooms in a way that highlights these standout features, ensuring that they become focal points that leave a lasting impression. By accentuating these attributes, the stylist helps potential buyers to see the property in its most appealing light, enhancing its allure and desirability.
READY TO MOVE IN
After being styled and decluttered, the property exudes an inviting readiness for immediate occupancy. A staged home subtly suggests to potential buyers that they could envision themselves living there as soon as that very afternoon, which can be a powerful motivator. This sense of immediacy and possibility further encourages buyers to explore the property with heightened interest and enthusiasm.
Holly Bowden | Gordon Park