UNIT LIVING MORE POPULAR IN BRISBANE

Cash strapped home buyers are snapping up units in inner city Brisbane as lifestyle & location win out over the dream of owning a house.

Brisbane unit sales have surged 17.5 percent in the March quarter.

REIQ has confirmed that Brisbane’s inner city suburbs was showing strong sales results.

Evidence has shown that Units were selling quicker than the figures revealed.

The report shows Brisbane’s median value is $367,377 compared with the median house value of $461,700.

RP Data figures show Unit sales in Queensland have increased 19.6 per cent  in the last year to 29,169 sales.

Vern Gilbert from Professional Toowong said affordability issues were driving the increase of unit sales in the inner city areas.

Noel Milne from BPI Brisbane Central building & pest inspections works regularly with Vern Gilbert & agrees that the affordability of units is pushing up the demand for units over houses. Noel has been very busy doing Unit Building & Pest  Inspections in the Toowong, Kelvin Grove, Kangaroo Point & New Farm areas.

New Unit complexes are being built in Fortitude Valley, Newstead, Bulimba, Milton & Brisbane CBD & will continue to be built while the demand is high.