Darwon's Theory | Look Beyond the Headline

It's been a bit of a bad news week for property but, as always, you've got to look beyond the headlines. Most are clickbait, after all. 

If you've seen a blanket statement like, "House prices could fall by a whopping 20 per cent across Australia in the next 18 months", or "the largest house price correction since at least 1980", and felt a pang of concern - take a deep breath. Median house prices do not provide a full story. Similarly, you simply can't paint every market across Australia with the same brush. 

Sydney and Melbourne are expected to be hardest hit - this is where those losses will be felt. The CommBank economists are actually expecting Brisbane (together with Perth and Adelaide) to experience even more growth in property prices this year. Brisbane property's three-month growth rate is a healthy 5.7% - beating every other capital city - and the experts say we'll round out the year with property values 10 per cent higher on average than they were at the start.

As time goes on, predictions become less and less certain. A lot can happen between now and 2023, which is when Brisbane prices are forecasted to take a dip. But what we do know is increased buyer appetite from down south - coupled with a strong bounceback from the floods - has extended Brisbane's time in sun. There is still a lack of supply, and buyers are hungry. As growing interest rates and inflation take hold, it's highly likely we'll see even more southerners setting their sights on the Sunshine State. 

I'll leave you with one parting piece of advice: listen to the property professionals. There are companies that specialise in providing investment advice. Right now, that advice is that Brisbane house prices are poised for even more growth. 

Don't take the Courier Mails and the News.com.aus of the publishing world at face value. Always keep in mind that the more shocking the headline, the more clicks, the more ad space sold. Dig deeper, do your own research, and when you're ready, give me a call for advice that gives advantage. 

Ultimately, the true value of your home is determined by how much the best buyer will pay for it. With the right strategy, and appropriate planning, we can help you find them.

Cheers,

S.D.