first_imgProperty analyst Michael Matusik BRISBANE HOMES HAVE BECOME EVEN MORE AFFORDABLE DESPERATE SELLERS SLASHES PRICE More from newsMould, age, not enough to stop 17 bidders fighting for this home2 hours agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investor8 hours agoThis included sales value, price movement, stock on market, vacancy rates, rental movements and new supply and demand.Looking at the detached house market Mr Matusik said those at a peak were not necessarily about to fall from that position any time soon.“A peak means what their rate of growth is going to slow, so it is peaking, it doesn’t necessarily mean they are going to fall in value yet,’’ he said.Upswing areas were nominated because their rate of sales growth was starting to escalate.He said the north and south suburbs were higher than Brisbane suburbs because those were areas which had experienced a lot of investment selling in the current cycle. Suburbs in Brisbane’s east are in upswing according to Michael Matusik. This home at 69 Gresham St, East Brisbane is listed for sale through expressions of interest closing March 25.THE majority of Brisbane’s suburbs are in positive territory with new research revealing all the regions are performing well.Analysis of the Brisbane market, by Michael Matusik of Matusik Insights, puts Brisbane’s northern, southern and inner Brisbane suburbs at the peak of the market.He identified Brisbane’s east as on the upswing and the western suburbs between recovery and upswing.Mr Matusik said he analysed a range of factors to determine where suburban regions sat on the property clock. Brisbane’s western suburbs are also entering an upswing. This home at 38a Scenic Rd, Kenmore, is for auction on March 25. Picture:“And the areas in the upswing have not go to that hottest state yet, they will,’’ he said.He said Brisbane suburbs would be higher up that cycle if it wasn’t for the 2011 floods, which had put the market back two years in terms of momentum.Mr Matusik said it was a fairly positive picture with no Brisbane suburban regions in downturn at the moment or stagnating.While those who own in areas that were stagnating might not be happy, Mr Matusik said that was the perfect time to buy.“That’s when a lot of people should be really looking for property but they don’t because it is all “doom and gloom’’ and “the market is rubbish’’ so people usually buy high in the upswing or in the peak.last_img

Leave a Reply

Your email address will not be published. Required fields are marked *