As an overall performer, Brisbane property throughout 2018 had some safe results, reports Herron Todd White in their December Month in Review publication.

Interstate migration numbers, in particular lifestyle migration was the key driver for the market. The profile of the city was, and will continue to lift with the numerous infrastructure projects that have commencement, or that are in the pipeline such as Howards Smith Wharves, Queen’s Wharf, Cross River Rail and many more.

Herron Todd White suggests the apartment market has “bottomed out,” and the owner-occupier apartment market continues to maintain appeal for buyers.

“Downsizers and modern families look to put down roots in our appealing inner city. The higher quality apartment blocks in particular are doing well.”

Across Brisbane as a whole, inner-city and surrounding properties were tightly held.

Property that was in need of some TLC continued to be popular….’The Block’ and other similar programs having a flow-on effect you may wonder?

With regards to the challenges of the overall property market, the banking royal commission coupled with tightening of bank lending resulted in a national-wide slow down. A shift has been noticed when the financial clause on contracts are reverting back to years gone-by with 14 and 21 day timeframes the norm, with additional time often needed.

Wishing you all a happy and safe Christmas period.