This quarter we have experienced good buyer demand for residential houses in Bardon, particularly those on larger lot sizes. Another stand out area has been the significant increase of buyers from interstate, particularly Sydney, Melbourne and Adelaide. These buyers are attracted to the leafy nature of the inner western suburbs, with good schools and close proximity to Brisbane’s CBD.

Rental prices around the inner Brisbane area have plateaued and in some instances, we have seen weakening in rental prices for some properties. As interest rates remain low, there is a greater increase in tenants becoming homeowners. A combination of more tenants leaving the rental market and more stock on the market due to the amount of development we are seeing has also resulted in higher vacancy periods. This is also placing pressure on the time on market for houses as brand new apartments are being offered to the market at a record low price.

I hope you enjoy this edition of my quarterly market report, and I look forward to seeing you out and about in Bardon.

[Agent Name]

Real Estate Agent