C O R E Y S H I P P
P R E S E N T S
T H E G E E B U N G
R E P O R T
MARKET UPDATE
The property market closed 2024 with strength, with 21 properties transacting in the last quarter While the market remains positive, we ’ ve seen a slight increase in available stock and the number of days properties are staying on the market These shifts hint at a minor market correction, which is a natural part of the real estate cycle Rather than a challenge, this presents opportunities buyers gain more options, and sellers can still achieve excellent outcomes with the right strategy.
Looking ahead to 2025, Geebung’s market fundamentals remain strong Its strategic location, robust infrastructure, and ongoing development drive sustained demand The outlook for Geebung is bright, with renewed buyer confidence already emerging
In this evolving environment, choosing the right real estate agent is critical Success isn’t about securing a listing it’s about delivering the best outcome A strong agent will have a tailored marketing strategy that combines traditional and digital platforms to showcase your property effectively and attract the right buyers
Local expertise is another crucial factor An agent with a strong presence and deep understanding of Geebung’s market can better connect with buyers Equally important are work ethic and experience proactive agents who follow up on leads, adapt strategies, and negotiate effectively are essential in a competitive market
Additionally, days on market is a vital metric. Experienced agents know how to position properties to sell quickly, avoiding prolonged listings that can lead to price reductions and lower perceived value
In summary, while the market is adjusting, 2025 promises strong opportunities, particularly in Geebung. Partnering with an agent who combines marketing expertise, local knowledge, and diligence will ensure your property sells for the best price in the shortest time With the right approach, 2025 can be a standout year for sellers
Corey Shipp
Corey Shipp
LicensedRealEstateAgent 0448043913 coreyshipp@raywhitecom
GEEBUNG AT A GLANCE
Geebung is renowned for its peaceful, family-friendly atmosphere, boasting amenities like cosy coffee shops, modern gyms, and convenient medical clinics The suburb is known for its warm, welcoming community, making it an inviting place for both residents and visitors. With a rich history and ongoing renovations of charming post-war homes, Geebung continues to evolve and expand
Transport: Accessible via State Route 10, Gympie Road/A3, and M7/Airport Link, with convenient Translink public transport options
History: Originally named Geebong, the name references local bushes and trees from the Personia species, with roots in an Aboriginal language from the Sydney area. Geebung is situated on the ancestral land of the Turrbal People.
Shopping: Enjoy local convenience at Geebung
Convenience and explore nearby shopping destinations including Taigum Square, Aspley Village, Westfield Chermside, and DFO Brisbane
Medical Services: Access quality healthcare at Geebung Medical Clinic, with additional facilities such as Bald Hills Doctors, Prince Charles Hospital, St Vincent’s Private Hospital, and Chermside Day
Hospital nearby
Education: A range of public and private educational institutions are available, catering to diverse learning needs
Whether you've been in Geebung for decades, years, or just a few months, it quickly becomes clear why so many are attracted to the area From excellent transport links and top-notch public and private schools to thriving local businesses, Geebung has much to offer However, it's the strong sense of community and the welcoming nature of its residents that truly define this cherished suburb.
GEEBUNG SNAPSHOT
$1.025M
MEDIAN SALE PRICE (12 MONTHS)
19.4%
SUBURB GROWTH (12 MONTHS)
77
# SOLD PROPERTIES (12 MONTHS)
GEEBUNG SALES OF THE QUARTER
BUSINESS SPOTLIGHT
Welcome to CCL Cacti, the home of the Crazy Cactus Lady! If you ’ ve always been fascinated by the unique charm of cacti but find yourself hesitant because of their prickly nature, you're in the perfect place At CCL Cacti, we believe that everyone should experience the beauty and tranquility that these low-maintenance plants can bring into your life without the hassle of sharp needles!
Whether you're a seasoned cactus enthusiast or a beginner eager to explore the wonderful world of desert plants, our team is here to guide you every step of the way We specialise in all aspects of cactus care and cultivation, from maintenance and health tips to creative landscaping ideas and stylish pot installations. Our goal is to make cactus ownership simple and stress-free so you can enjoy their beauty without the worry
These resilient water-wise plants thrive with minimal care making them ideal for anyone looking
WHY RAY WHITE WILSTON
Ray White Wilston is recognised as a market leading agency known for its innovation, dominant market share, auction prowess and superior results Yet our commitment goes beyond selling houses At Ray White Wilston, our commitment is to achieve excellence in every aspect; in other words to be best in market
This applies to everything we do – from our strategic locations, comprehensive agent support, to our impactful marketing strategies, and our unmatched leadership and culture; all aimed at delivering market leading results & experiences to our clients
Our unrelenting focus on being best in market is grounded in our belief that real estate transactions have the power to shape lives for the better Whether guiding a family to their dream home, or aiding a seller in reaching their financial aspirations, our team is integral to positive life changes
Understanding the importance of our agents’ roles, we prioritise their support, leadership, and constant development. We intentionally foster an environment where our people feel fulfilled and aligned with their purpose, because only then can they be best in market
Partnering with Ray White, Australia’s leading real estate network, our agents have exclusive access to cutting edge technology and systems that further enhance their performance as well as improving their client’s experience
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PROPERTY MANAGEMENT UPDATE
The Geebung rental market continues to perform above par, with strong demand and attractive yields for investors Geebung’s combination of low vacancy rates, competitive rental prices, and healthy demand from renters makes it an appealing area for both tenants and property investors
Key Market Stats:
Vacancy Rate: 0 73%
Rental Population: 24 33%
Median Weekly Rent: $625
Median Yield: 3 42% - 4 1%
Median Rent Change (1 Year): 5.93%
Vacancy Rate: 0.73%
With a vacancy rate of just 0 73%, Geebung is experiencing a highly competitive rental market This low vacancy rate suggests that rental properties are leasing quickly, often within a few weeks of listing, due to strong tenant demand. For landlords, this indicates a low risk of extended vacancies and provides a favourable environment for setting competitive rental rates
Rental Prices & Growth
The median weekly rent in Geebung is currently $625, reflecting the suburb’s strong rental demand and the quality of properties available. Over the past year, rents have increased by 5 93%, demonstrating a steady upward trend in rental prices This growth is a positive indicator for both existing landlords and potential investors looking for areas with strong rental price appreciation
Contact us today to learn more
Xavier Hamilton
0458 649 176
xavier hamilton@raywhite com
LOAN MARKET UPDATE
Increased Buyers at Open Homes
Buyer interest at open homes has increased significantly this quarter, signalling growing confidence and interest in property purchases amidst changing market conditions
Cash Rate Predictions
The Reserve Bank of Australia (RBA) has held the cash rate steady at 4.35%. Here’s what the big four banks forecast:
ANZ & CommBank: Peak rate of 4 35%, with cuts starting in February 2025
NAB & Westpac: Peak rate of 4 35%, with cuts expected around May 2025
Client Pre-Approval Activity
In November, many clients sought pre-approvals, concerned about potential property price increases This suggests buyers are positioning themselves for rising demand and prices ahead of anticipated rate cuts
Outlook
Buyer Interest: Open home attendance will likely stay strong
Pre-Approvals: Financial readiness will remain a focus for buyers
Property Prices: Anticipated cash rate reductions may push prices higher, fuelling buyer activity
Strategic engagement will be key in the months ahead as the market evolves.
Contact us today to learn more
0476 550 710
tuba dissanayake@loanmarket com au
COMMUNITY ENGAGEMENT
I’m thrilled to announce that I am the major sponsor of Geebung State School for 2025, reflecting my strong ties to the community and dedication to supporting local initiatives As sponsor, my role extends beyond financial support I’m committed to enhancing school programs and activities throughout the year, helping ensure Geebung State School remains a cornerstone of education and community involvement.
One of my first contributions was $3,000 to the school’s end-of-year Christmas Carols This support helped provide cash prizes and donations, making the event even more memorable for students, staff, and families while fostering community spirit
In 2025, I will continue to provide financial support, participate in key events, and offer handson assistance to benefit the school True community engagement means more than funding it’s about actively contributing to meaningful change Supporting Geebung State School is an investment in our children and our future Together, we can create a stronger, more connected community
I’m excited for what’s ahead and thank everyone who has shown their support Let’s make 2025 a remarkable year for Geebung!
