THE top prestige agents in Queensland say there has never seen such high demand for luxury stock in 2020.
Ray White New Farm Principal Haesley Cush said the demand for quality prestige homes has continued to build over the year which, in turn, has prompted owners of some of the river city’s most remarkable homes to choose now to offer them for sale.
“We are now seeing expats looking at Brisbane as a safe, extraordinary, and valued location with a lifestyle that is currently the envy of much of the world,” Mr Cush said.
“In the next few years, Brisbane will mature to an international city with the Queen's Wharf precinct.
“Informed buyers from Sydney and Melbourne, coupled with the lessons of remote working, means that enquiry from southern buyers is fueling strong demand for prestige property.”
Ray White New Farm Principal Matt Lancashire said Christmas always compressed the property market, making now the perfect time to host the group’s prestige auction event.
“Buyers want to buy and sellers want to sell during this time,” Mr Lancashire said.
“The 2020 Brisbane property market has been exceptional and before we close the door on the year, there is still a chapter to write in the prestige market.”
To add to this, Mr Lancashire said confidence was built during the COVID lockdowns for several reasons.
“The confidence in the market comes largely off the back of low interest rates, great value in the Brisbane market, and all of us spending more time inside our homes than ever before,” he said.
“That confidence is across all price sectors and has woken the previously dormant Brisbane prestige market.” | 
