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House values in Brisbane have hit record highs in 2021, increasing by 14.8% in the year to September. Vendor metrics such as auction clearance rates, days on market and vendor discounting rates remain at above average levels, indicating this is still a seller’s market.
The persistently low levels of housing inventory coupled with low stock levels have been a central factor in the upwards pressure on housing prices. Buyer demand is at an all time high due to low interest rates, eased lending restrictions and the lifestyle appeal Brisbane offers.
Auctions have emerged as the most favourable method of sale. Buyers love the transparent nature of buying and sellers benefit from the competitive environment and an unconditional contract.
