Your Property News August 2023

Has the warmer winter weather signalled that the spring selling season has commenced?

It is heartening to observe that the momentum in sales activity has increased over the last month. Listings are slowly on the increase reflecting greater seller confidence. This is reflected in strong engagement from buyers. Our property market is more resilient than the media would have you believe.

As the spring season approaches, more properties will come to the market. Our recent successes highlight the potential advantages of selling in less crowded periods. Sellers whom have partnered with Butler+Co are realising the advantages of pre-spring selling. Our clients have moved quickly to prepare their homes for market to ensure limited competition rather than be one of a flood of new properties. Traditionally whilst sales volumes are low during the winter months, prices do hold with some of our highest sales achieved during this period.

CoreLogic provides the following snapshot as to how our market has performed over the last 12 months.

	Median Value	Change in Median Value (12 months)	Days on Market	Houses Sold
Ascot	$2.26m	-6.5%	52	52
Hamilton	$2.21m	-3.3%	33	64
Kalinga	$1.74m	4.8%	21	22
Clayfield	$1.63m	-13.6%	32	93
Hendra	$1.60m	-5.3%	50	105
Wooloowin	$1.24m	-9.8%	23.5	36

Sourced from CoreLogic – 8 August 2023

CoreLogic Research Director, Tim Lawless, stated in a recent article, that Brisbane saw the monthly pace of growth accelerate in July, leading the pace of gains across the capitals with housing values up 1.4%. Although the trend in new listings has risen, Mr Lawless said the number remains well below levels from a year ago and the previous five-year average.

When is the best time to sell or buy? When the time is right for you. We assist you to navigate the market, the current economic conditions, and the ever-changing legislative environment. If it is time to upsize, downsize, invest, or enjoy an easier lifestyle, let’s talk. We are currently partnering with a number of sellers seeking to achieve their property goals. Let us match you with your dream home or your next investment.

Our door is always open. Feel free to drop into our office and join us for a coffee.

Butler+Co is your trusted property specialist.

Amanda Butler – Principal – 0438 767 439 – [email protected]

In our Clients words

Amanda’s knowledge of the market was excellent. We were very confident selling our house with her. Her recall time on calls was immediate. Amanda is thorough, honest and easy to talk with. We felt we were on the same page with Amanda from the “get go”. We cannot recommend Amanda and her team more highly. A pleasure to work with.

Julie +Chris, Wooloowin