September market Update

The RP Data latest report is out for September and the results for South East Queensland are much the same as it has been for some time with flat house prices (showing no rise in prices over the last month).

The trend is for rising house prices over the last year with Brisbane showing a rise of 3.9%. This is well below that of the Sydney and Melbourne with 17.6 and 10.6% respectively.

Prices for the out suburbs such as Samford have been static but with constant buyer interest. Land has been selling well and the number of prospective buyers and renters is as always high.

As we move into the Spring and Summer buying periods, we will see the normal increase in the number of properties coming to the market. With the market still fairly flat this will add further dampening to the market ensuring market values just keep above cost of living (CPI) inflation rate.

Rental returns still remain higher in the Samford region due to the lower cost of property compared to Sydney and Melbourne but falls behind where the capital gain realisation on upward property valuations.

The market within the Samford & Dayboro areas will continue to be highly sort after for those looking for a life style change.