Buyer Activity in Brisbane’s Property Market Drops by Half
According to buyers' agent Zoran Solano of Hot Property Buyers Agency, buyer activity in Brisbane's property market has halved over the past month.
Offers on quality homes have dropped from 15–25 to single digits.
Properties are now selling below advertised price guides. Solano reported securing one property marketed at $1.45 million for $1.435 million, and another at $1.1 million for $1.08 million.
Premium Owner-Occupier Segment Slows Down
The shift is most evident in the premium owner-occupier segment, where buyers are taking longer to make decisions. Solano described the change as a rebalancing rather than a downturn, citing continued strength in Brisbane's inner north.
What’s Driving the Cooling?
Solano attributed the cooling to several factors:
- Economic uncertainty
- Cost-of-living pressures
- Fears of potential rate rises
- Global instability
- Sharemarket volatility