Your Property News April 2023

The first quarter of 2023 has seen a number of great homes come onto the market. Buyers have been active and out in force, resulting in a steady rise in sales. Supply, or lack of, is allowing our sellers to achieve close to their desired outcomes.

The main difference in our market today compared to this time last year – the urgency to buy has diminished. Our clients have moved from FOMO – the Fear Of Missing Out to FOOP – Fear Of Over Paying. The media has adversely fuelled this change in buyer sentiment with the continual reporting of the “Mortgage Cliff”.

We have not seen any evidence of this rather with full employment, buyers are buying with confidence. Across the market, our clients have factored in the fluctuating financial climate, with buyers willing to absorb inflated interest rates. As one real estate commentator said – “you marry the house – you date the interest rate”. In other words, interest rates will fluctuate during your home ownership.

The rental market is still very tight with multiple attendees at viewings and multiple applications in the price range of $700 per week and below. The Queensland Treasurer has advised that since 2020, Queensland has seen approx. 55,000 rental properties withdrawn from the market. According to the Treasury Department this is a typical 7-10 year cycle in the investor market.

Butler+Co had the privilege of working with a number of sellers during the first quarter. A highlight is the stunning generational family home situated on 1,513sqm in the heart of Wooloowin. Magnificently nestled amongst established gardens with a 18m lap pool, this expansive family home, is an illustrious two-level Queensland residence with grand 5-bedroom proportions and elegant features. Did we mention the 5-car accommodation and the 2,700-bottle temperature-controlled wine room?

If you are seeking views with the perfect north-eastern orientation, we have a captivating Ascot residence coming to market. This 3-level home offers immeasurable family lifestyle appeal all within walking distance to elite schools, green spaces, public transport, local restaurants, and the areas various amenities.

Is it time to upsize, downsize, invest, or enjoy an easier lifestyle? We are partnering with a number of sellers seeking to achieve their property goals. Let us match you with your dream home. For a discrete discussion, let’s talk.

Amanda
Amanda Butler – Principal
0438 767 439

In our Clients words

Fantastic Experience, highly recommend.

Amanda and the team at Butler+Co were fantastic to deal with from start to finish. They were there every step of the way and kept me up to date with any movements and recommendations. It definetly felt more like a boutique service where you weren’t just a number to the organisation. Well done!

Christian – Nudgee