Ninja In A Blazer – 1st November 2024
November 1, 2024Ninja in A Blazer – February 2025
January 31, 2025Ninja In A Blazer - 6th January 2025
Welcome to 2025, we hope you had a great start to the year and a wonderful Christmas spent with your family and friends. We hope you achieve some of your goals that you set for 2024 and have had a chance to set new goals for 2025, regardless of what resolution or goals you set for yourself what I found works if you write it down and have a set of time frames that you can track the progress of your goal, what I have learnt from 2024 is what gets measured gets done.
How has January started?
In December our prediction was that the real estate market will take time to gain momentum in January due to many people being away on holidays and traditionally we have found that the market will start to gather momentum towards the end of January.
What actually happened was completely different, the buying activity has started with a BANG, from the first Saturday’s open home for example our office was seeing 8-20 groups at almost all of our open homes and also a few off-market deals that were put together in the first week. This level of activity is higher than the second half of December as the market was slowing down for Christmas. Buyers appear confident in the market remaining strong and continue to remain strong despite expecting an influx of new properties coming to market over the next few weeks. We believe that due to the lack of new construction as well as moving towards the Olympics that both local homeowners and investors as well as interstate investors will continue to push the Brisbane market with strong growth forecasts.
We will provide you with a more comprehensive update in February as that will give us more time to see what happens to market activities once the holiday season finishes and all the new listing comes on as both potential buyers and sellers return to the market.
Market and Data - Don’t believe everything you hear, see, or read in the media
We always remind our clients to often take what you see and read on the media and on social media with a grain of salt as most of the news or headlines are “click bait” which is not reliable to follow to make big decision when it comes to buying or selling, the recommendation we have is always to reach out to a local agent like ourself or even attend open homes in your local area as that will give you a first-hand experience on what the current market is doing.
I mention this because in December as per one source the Brisbane market recorded a down-turn of 0.04% and the media is using that to portray that the property market is on the down and falling. Whereas another source stated the market in Brisbane increased by 0.4%. Whilst any predictions may turn out to be true on a local level a fall of 0.04% is basically 0% change. We saw December slow down but we found that was due to buyers going away for the holidays season and buyers taking a break from searching due to suffering what we call buyers fatigue. From our above report on what we have seen so far for January it looks like the property will continue to remain strong with the level of buying activity and offers being made.
As we have done for many years, we plan to provide you with a monthly update that is based on exactly what our team experience at a ground level dealing directly with buyers and sellers.
