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After the previous two years of rapid price growth, 2022 saw local property prices move up more slowly and then even start to fall in the second half of the year.  Interest rate rises were probably the biggest factor in play during this year and it will be interesting to see if the Reserve Bank has finished upping interest rates or will there be more pain to come in 2023. Whatever they decide we know that the Brisbane property market has very strong fundamentals in place, with massive population growth being experienced, large infrastructure projects continuing, and the 2032 Olympics on the horizon.  Making Brisbane one of the safest property markets to be involved in, no matter if it is for your home or for an investment. If you would like to have a chat about the property market or your property in particular, just give one of the Hicks Real Estate team a call, to get the best possible advice available. Highest Sale price 2022 4 Amiable Place, Mc

Hopefully, your world will slow down a little soon, even if it is just for a few days. The end of the year and the start of a new one is often a time for reflection and planning.  It is also a great time to do some research on property markets and think about getting either your first investment property or adding to your existing portfolio. Each year researchers Canstar release their Rising Stars Property Market report, which is developed by Terry Rider, probably Australia’s leading property researcher. This report outlines the suburbs that they believe may be the best to invest in for 2023 on beyond.  Here is a little insight into the report… Don’t forget to talk with David Watt our Property Investment Support person who can help you to find a rental property suited to your needs. The Brisbane market is considered to be in the doldrums but in-depth analysis shows that the Brisbane market currently is stronger than the general media rhetoric.

With 2022 starting to wind down, it is time to look back on what has happened during the past year and what 2023 may have in store. The year started with property markets very strong with prices rising every week.  This also was reflected in the rental market with rents increasing quickly.  A feature of the early months of the year was properties were only on the market for short periods of time.  Buyers were snapping up properties within days of the property coming onto the market. This huge amount of demand for Brisbane properties was partly driven by interstate migration. Encouraged by Brisbane’s relative real estate affordability compared to Sydney and Melbourne, and strong jobs growth, people from New South Wales and Victoria continue to pour across the border to resettle. Around 92,000 people are calling Queensland their new home each year, a population growth rate of 1.8 per cent. April/May saw the peak of the market as far as prices we