As anyone who follows the Queensland Market will know , the lower end of the market has been softer over the last month.
There is a simple reason for this.
On first of May , First home owners in Queensland will no longer have to pay stamp Duty.
As a result They're not buying, so in some areas a reasonable amount of the buyers are standing on the sidelines waiting for the First of May.
There are occasional motivated vendors , and talking to agents some vendors are not as optomistic in what they can achieve , but generally there's a bit of a mexican stand off. There is more stock on the market.
It will be interesting to see what happens after First of May . The Media is still reporting Queensland as the place to buy. We havn't had any further rate rises and there hasn't been much talk of further rate rises recently.
Will we look back in a couple of months saying , gee I wish I'd bought then.
See Change
Disclaimer . I have one house in Logan on the market ( Which is why I know what's going on ...) , but that is to pay for a Reno on PPOR ....
There is a simple reason for this.
On first of May , First home owners in Queensland will no longer have to pay stamp Duty.
As a result They're not buying, so in some areas a reasonable amount of the buyers are standing on the sidelines waiting for the First of May.
There are occasional motivated vendors , and talking to agents some vendors are not as optomistic in what they can achieve , but generally there's a bit of a mexican stand off. There is more stock on the market.
It will be interesting to see what happens after First of May . The Media is still reporting Queensland as the place to buy. We havn't had any further rate rises and there hasn't been much talk of further rate rises recently.
Will we look back in a couple of months saying , gee I wish I'd bought then.
See Change
Disclaimer . I have one house in Logan on the market ( Which is why I know what's going on ...) , but that is to pay for a Reno on PPOR ....
Last edited: