The Courier-Mail

Sellers are in es­tate of ex­cite­ment

- Real Estate · Business · Brisbane · Queensland · Gold Coast · Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry

QUEENS­LAND has es­caped the worst im­pacts of COVID-19 on the real es­tate mar­ket, with the pan­demic hav­ing a smaller im­pact than fall­out from the Bank­ing Royal Com­mis­sion and the 2019 fed­eral elec­tion, a new sur­vey found.

A whop­ping 39 per cent of home sellers in Bris­bane got a higher price than they ex­pected, ac­cord­ing to the lat­est price ex­pec­ta­tion report from real es­tate agent rat­ings site,

RateMyA­gent. The sur­vey of more than 33,000 Aus­tralians, tracked sen­ti­ment in the prop­erty mar­ket, as well as seller sat­is­fac­tion for the first half of 2020. South­east Queens­land was home to the ma­jor­ity of the state’s hap­pi­est home sellers, with nine of the top 10 hap­pi­est ar­eas hail­ing from the re­gion.

Bris­bane and More­ton Bay led with the high­est pro­por­tion of sellers who got higher prices than they ex­pected (39 per cent), then Scenic Rim and Red­land (38 per cent), Lo­gan (35 per cent), Sun­shine Coast and Gold Coast (32 per cent), Fraser Coast (28 per cent), Lock­yer Val­ley (27 per cent) and Ip­swich (23 per cent).

RateMyA­gent chief ex­ec­u­tive and co-founder Mark Armstrong said ven­dor hap­pi­ness had bounced back during the COVID-19 sec­ond quar­ter. “What we’ve seen in the June quar­ter is an as­tound­ing turn­around in mar­ket con­fi­dence.” He said the bank­ing royal com­mis­sion and the elec­tion in 2019 had a sig­nif­i­cantly more neg­a­tive im­pact.

 ??  ?? Clin­i­cal waste.
Clin­i­cal waste.

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