Don’t be left at the terminal!
We’re always asked where Brisbane is in the property cycle: “Are we at the bottom yet? Is now the time to buy?” Perhaps this update might help answer some of these questions.
A plane is a good analogy. In the second quarter of 2012 we started seeing the Brisbane property market preparing for takeoff – passengers buckling belts, flight attendants stowing away luggage and pilots undertaking a final check.
By the end of last year the market had taxied to the runway and was bouncing along the tarmac. But reduced buyer confidence held it back from accelerating to takeoff speed.
The past six months has seen a rapid shift in acceleration. The Brisbane market is now airborne and still climbing. Don’t despair though you haven’t been left holding the luggage at the terminal. Quickly make your way to the gate to board the next plane.
[sam id=34 codes=’true’] As the market starts to recover from a flat period, understanding the property cycles is very important.
It means having a strategy in place so you know when to buy, renovate, land bank or develop before it’s reported in the property investment media.
Be first at the gate, not stuck in the back of the queue.
Because our Metropole buyers’ agents are hunting and researching properties daily, we know well before the media does what phase the market is at, what investors should be looking at and where.
Below is a great example of where we’re seeing the property cycle positioned right now. The black line represents reality and the red line perception.
This time last year the Metropole team positioned the market around the ‘A’ location, but the general public positioned the market around ‘B’. Twelve months on perception is catching up with reality.
Are you standing at the gate? Jump on the next plane and get into the market!