The Brisbane property market is in a great state for buyers, it has been said.
Potential Australian property buyers should make the most of the offers in Brisbane, it has been suggested.
The city's market is about to become a buyer's domain, according to the Brisbane Times, which cited figures from RP Data Property Pulse showing that it saw the highest level of discounting in April.
For that month, Australian houses on average sold for 6.5 per cent below the original asking price.
"Vendors are being quite bullish about what prices they can actually get, but clearly the market doesn't agree," Cameron Kusher, RP Data senior researcher, told the news provider.
Most sellers are being "completely unrealistic" about what they can get for their Australian property, he added.
Apartment owners are more realistic, but the median Australian property value in Brisbane fell 0.5 per cent in the March quarter, the figures revealed.
"A property is only worth what someone is willing to pay for it," Mr Kusher added.
Property analyst Michael Matusik also suggested the Australian property market would become more beneficial to buyers, saying more houses are being listed for sale this winter.
Posted by Steve Douglas
Potential Australian property buyers should make the most of the offers in Brisbane, it has been suggested.
The city's market is about to become a buyer's domain, according to the Brisbane Times, which cited figures from RP Data Property Pulse showing that it saw the highest level of discounting in April.
For that month, Australian houses on average sold for 6.5 per cent below the original asking price.
"Vendors are being quite bullish about what prices they can actually get, but clearly the market doesn't agree," Cameron Kusher, RP Data senior researcher, told the news provider.
Most sellers are being "completely unrealistic" about what they can get for their Australian property, he added.
Apartment owners are more realistic, but the median Australian property value in Brisbane fell 0.5 per cent in the March quarter, the figures revealed.
"A property is only worth what someone is willing to pay for it," Mr Kusher added.
Property analyst Michael Matusik also suggested the Australian property market would become more beneficial to buyers, saying more houses are being listed for sale this winter.
Posted by Steve Douglas
