June Market Update

The past three months have been nothing short of eventful, and their impact has been felt across every market in which we operate. After an eventful quarter, with several public holidays, the aftermath of the cyclone, and a federal election, the result has been a notable shortage of new listings, which in turn has intensified buyer demand. What does this mean for sellers and buyers? Read this market report to find out.
The past three months have been nothing short of eventful, and their impact has been felt across every market in which we operate.
We began April still managing the aftermath of Cyclone Alfred. This extreme weather event caused significant disruption to many of the properties we manage across South East Queensland and delayed a number of new listings from coming to market.
April also included the Easter and ANZAC Day long weekends, which were quickly followed by the lead-up to May’s federal election.
This combination of events resulted in a notable shortage of new listings, which in turn intensified buyer demand. The outcome? Almost without exception, every property that came to market was met with strong interest, multiple offers, and ultimately sold for excellent prices.
Sellers who took the opportunity to list during this time clearly benefited from a market with limited competition.
As we look ahead, we will soon enter what is arguably the busiest season for real estate. Spring brings a powerful mix of favourable weather, heightened buyer and seller activity, add in a Christmas deadline, and there will be many people looking to buy, sell, and settle in the months ahead.
For buyers, the market continues to show resilience in the face of broader economic pressures. Property prices remain strong, yet the good news is that entry into the market is becoming more accessible.
Supportive government legislation and competitive lending conditions are helping more first-home buyers step onto the property ladder. This is backed by recent ABS data showing a 6.2% year-on-year increase in first-home buyer activity.
Finally, we’re proud to announce our return to the Redlands. The first Johnson Real Estate office opened in Birkdale back in 1995, and since then, we’ve expanded to nine locations. While our Birkdale office temporarily closed in 2023, we’re thrilled to share that, as of this month, Junior Tusa has reopened our Redlands agency.
The new office is located on Valantine Road, Alexandra Hills, next to FoodWorks.
Congratulations to Junior on this fantastic milestone. We’re excited to once again serve the sellers and buyers who have supported us in the Redlands for nearly three decades.

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