LEAD AGENT
PLACE ESTATE AGENTS
This month, we’re excited to introduce Mikaela Crone, a skilled Lead Agent with over 8 years of experience in Brisbane’s competitive residential real estate market. Known for her personalised approach and unwavering dedication, Mikaela designs tailored campaign strategies that align perfectly with her clients’ goals. With an exceptional understanding of the property market, having both bought and sold her own portfolio, she expertly guides clients through every stage of the sales process. Mikaela’s deep commitment to her community and her passion for delivering outstanding results make her a trusted partner for your next property transaction.
“We are still seeing excellent demand for houses, but buyers’ enthusiasm for townhouses and apartments has been somewhat unprecedented. We are seeing many Brisbane homeowners move to the coast for lifestyle changes. As a result, they are purchasing a smaller home base in Brisbane. That’s one reason, but it’s also coupled with affordability issues, with many buyers simply priced out of the housing market, especially in affluent suburbs, so they are now looking to purchase townhouses and units instead. Over the next 12 months, we believe the Brisbane market will continue to see steady growth, though not at the extreme rates experienced during the COVID boom, as those were unsustainable. Australians love property and Brisbane offers a fantastic lifestyle and great weather, so it’s often high on the shopping list!”
“Supply versus demand is currently the biggest influence on property prices in our local area. There is strong demand for renovated or new homes but little supply available for purchase. This is creating high levels of buyer competition and pushing prices up. We are seeing many families who had purchased older homes in recent years, with plans to renovate or build, change direction after obtaining quotes from local builders. It is much more cost-effective for families to sell their older homes and purchase a finished product in the current market, rather than going ahead with extensive renovations or builds.”
“It varies based on location. Yes, interest rates absolutely have an effect in less affluent areas where the buyer demographic might have less income coming into the household. In these circumstances, it could mean people either won’t purchase or will look to sell homes and investments due to financial stress. In locations where household incomes are higher, it becomes less of an issue and more of a consideration for buyers. They generally don’t feel financial pressure to sell but may limit their budget or take more time to consider before making an offer on another investment property. Investors who are still buying now are looking for properties that can provide solid rental returns as well as capital growth opportunities. Investments such as freehold townhouses or homes on small lots that do not require renovation are a great option for investors.”
“The advice I would give to first-time buyers is to ensure you are being proactive with your search and attending the very first inspections, particularly if you are in the market for an inner-city unit or townhouse. The sub-$1M price point is incredibly popular, so if you are missing the first inspections, chances are you will miss the property altogether. I would also suggest setting up alerts on realestate.com.au and Domain so you are notified as soon as a new property in your price range is listed and building strong relationships with local agents in your preferred area to access any off-market opportunities. We are seeing many properties transact ‘off-market’ or ‘pre-market’ before they even hit the internet portals. I would also encourage first-time buyers to get comfortable with making strong offers and minimising the timeframes on any conditions, such as finance or building and pest inspections. Given the competitive nature of the market, shorter conditions might be enough to get your offer across the line if the offer prices are the same or very close. Sellers see value in peace of mind and short conditions or unconditional offers provide them with that.”
“We welcome anything the government can offer to help Australians buy their first home. The effect of incentives on the market will vary depending on the suburb, as more affluent areas will see less impact, even with incentives, as they will be out of reach for most first-home buyers. The government will also need to assess the level of assistance available, as the incentive will have little effect if it is too low.”
To close out this month’s feature, Mikaela Crone’s expertise and dedication provide invaluable insights into navigating Brisbane’s residential property market. Her personalised campaign strategies and deep understanding of both the buying and selling process ensure that every client receives the highest level of service. Whether you’re a first-time seller or a seasoned property investor, Mikaela’s commitment to excellence makes her a trusted ally in achieving your real estate goals.
From buying your first home to refinancing, commercial or construction loans – our free service takes the stress out of getting finance. We offer our services Australia wide so why not reach out to us today. We’d love to hear from you.
