In our September issue, we bring you an enlightening conversation with Jessica Vine, the Business Owner and Sales Professional at Vine Property Agents. With a commitment to addressing individual real estate needs since 2005, Jessica shared her expert insights on the Brisbane property market, advice for buyers and much more.

Q1. How has the Brisbane property market evolved recently, particularly in light of the pandemic?

The real estate scene has been anything but static. The COVID-19 pandemic notably pushed housing prices upwards. Yet, the most striking change over the past two years has been the increased valuation of units and townhouses, marking the first significant uptick in over a decade.

Q2. What should buyers be mindful of in the current market?

Most properties I list attract multiple offers. Sellers often favour buyers who propose ‘no finance clause’ contracts or those who can close within 7 to 14 days. My advice? Get pre-approved before making any offers.

Q3. What’s your forecast for Brisbane property prices over the next year?

While it is hard to say definitively, my two decades of experience suggest that we’ll likely see a stabilization in prices, marked by minor fluctuations rather than any drastic decline. Brisbane’s mix of a relaxed atmosphere and strong infrastructure development continues to attract residents, maintaining a steady demand.

Q4. Who has the upper hand in the market right now, buyers or sellers?

Unfortunately for buyers, the market still leans towards sellers. Although prices have moderated from the peaks of 12 to 18 months ago, buyer demand remains robust.

Q5. Which Brisbane suburbs offer the most value for buyers and sellers right now?

The closer to the CBD, the better the long-term value—this remains an evergreen rule. If you’re contemplating a unit or townhouse, consider properties that offer extra yard space or additional parking, as these features typically appreciate the most.