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September Market Update

It’s Spring time again, and 2024 is shaping as another busy selling season. Yet before looking too far ahead, let’s take a quick look back over the past quarter.

Written by Adam Horth

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It’s Spring time again, and 2024 is shaping as another busy selling season. Yet before looking too far ahead, let’s take a quick look back over the past quarter.

Even though the September Quarter outpaced the previous quarter, overall sales numbers are down from this time last year. It’s an interesting mix as both buyer enquiry and sales numbers are down, yet prices still continue to climb.

Whilst some real estate commentators are still predicting massive price corrections across the entire Australian Landscape, the Greater Brisbane Market is undoubtedly bucking this trend.

Internally, this quarter saw us celebrate our 11^thAnnual Awards nights. This evening is an opportunity for us to acknowledge the great men and women who make up our organisation. Although many received accolades on the night, congratulations to Michael Douglas, Joshua Schweitzer and the team at the Logan West Agency, all taking out major sales awards.

The second stage of 2024’s Rental Reform Legislation came into play with our property management department adapting to these changes swiftly. At present, the rental market appears in a state of equilibrium with good investment properties still attracting strong rental returns, yet rental price growth appears to have slowed. It will be interesting to see how this continue sto develop for the remainder of the year.

With a lower number of new listings coming to the market throughout July and August, it is likely many sellers have been waiting for the Spring Market to place their property up for sale. Johnson Real Estate currently has over 60 properties listed with marketing yet to commence.

If you’re considering selling – September and October are great months to take action if your hope is to be settled into your new home by Christmas.

Whatever your property plans are for the next few months, as always, we’re here to help. Thank you for taking the time to read our brief market update.

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