Your Market Update
We had the pleasure of connecting with Gail Gobey recently, as she shared valuable insights in her latest market update, guiding us through the last few months, and how best to support you in your real estate journey... over to you Gail.
The conclusion of 2023 was nothing short of exhilarating, with six beautiful homes finding their happy owners just before the festive season!
An intriguing observation derived from buyer enquiries in the last quarter was the heartening trend of grandparents trailing their children who had relocated during the challenging COVID years. The demand for single-story homes and dual-living options consistently remained high, underscoring the significance of family connections. This positive market momentum was reflected in prices, particularly for renovated and move-in-ready homes, which commanded impressive values.
For our enthusiastic first-time home buyers, the journey into the real estate market led them toward townhouses and units. Their determination to become homeowners injected a dynamic layer of competition for downsizers, who preferred hassle-free options without the need for extensive renovations. The ever-changing landscape of interest rates adds an interesting dimension to real estate conversations, with a homeowner sharing their experience of a time when interest rates reached 14.5% during their first family home purchase – a relevant piece of history.
As I personally reflect on the transformation of our beloved precinct since settling in Wynnum in 2007, a sense of pride washes over me. The remarkable growth and development has made Wynnum an even more appealing destination. Whether you are contemplating a move for a swift solution or a long-term investment, please feel free to reach out. It would be my absolute pleasure to assist you in finding the perfect home for your needs. And if selling is on your horizon, rest assured that you'll have my unwavering 100% undivided attention throughout the entire process.
Gail Gobey is a top 5% sales agent in Australia, her dedication, commitment and solid reputation to improving the real estate journey for many who pass through our doors here at Sash & Gable underwrite new benchmarks in industry knowledge, professionalism and client experiences.
Working in your best interests, we warmly welcome you to contact Gail Gobey on 0439 584 111 to understand more about the property market, which sales method is best suited for your home and how we can achieve the best result for you!