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Brisbanes fastest selling suburbs: Where buyers face hot competition

Brisbane’s fastest selling suburbs: Where buyers face hot competition Brisbane’s fastest selling suburbs: Where buyers face hot competition It was all about the size of the block at this Brisbane sale today. Check out excerpts from Domain's live auction coverage. New era of Brisbane prestige property dawns  The Brisbane market for houses is predicted to do well this year, despite forecasts of doom and gloom in the apartment market. Some suburbs has seen sellers take advantage of increased demand to nab a snappy sale or a price above median. Domain Group data showed in February, the two suburbs with the shortest average time on the market were Mount Gravatt and Stafford – two postcodes with similar characteristics. “These are hot suburbs, there’s no surprises they’re walking out the door,” Domain Group chief economist Andrew Wilson said. “They’ve been hot areas for a few years now.” As first and second home buyers get priced out of Brisbane’s inner ring, they’re seeking houses further into the city’s middle ring, up to 20 kilometres out from the CBD.   “It follows a pattern of demand we’ve seen through Brisbane in the past few years,” said Dr Wilson. “We see a lot of buyers trading up into these areas.” “They’re low-rise typically, with high value infrastructure.” Some of the 39 bidders lining up to register for bidding at 19 Hillgrove Street, Upper Mount Gravatt, earlier in March. Photo: Jim Malo Ray White Mount Gravatt principal Grant Boman said Mount Gravatt had entered a period of high demand in recent months.

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