BRISBANE Lions midfielder Jarrod Berry and his model girlfriend, Ella Binney, are kicking off the winter selling season by listing their house in the city’s inner east.
The 25-year-old, who has played seven seasons for the Lions, bought the character Queenslander at 82 Carranya St, Camp Hill in 2019 for $1.05m.
The two-level house has since been fully renovated to feature multiple living and entertaining areas, including a private poolside terrace and lawn beside a saltwater pool.
Tony O’Doherty of Belle Property Bulimba is marketing the property, which is scheduled for auction on June 15.
It comes as winter is being flagged as the new spring for real estate this year, with low listings, rising prices, and strong demand likely to make it easier for sellers to offload their properties.
New data from PropTrack reveals the next three months could be the peak time for Queenslanders to put their homes on the market, with buyers bracing for a flood of new listings — despite spring usually being the go-to season for sellers, and interest rates rising again.
Hot auction conditions in May saw Brisbane record a clearance rate of 72 per cent for the month — second only to Melbourne.
Brisbane home prices have turned around rapidly to be up 2 per cent so far this year and are on track to return to positive annual growth by July, according to PropTrack, while new listings are down 21 per cent compared to this time last year.
PropTrack economic research director Cameron Kusher said that while many vendors chose to avoid the typically quieter winter period, market conditions were stronger than usual this season thanks to concentrated buyer interest and low stock.
“Currently, buyers are faced with very few purchasing opportunities due to the lack of new listings on the market,” Mr Kusher said.
“This is creating strong demand relative to stock on market — ideal conditions for selling.
“Clearance rates are consistently higher than those seen towards the latter half of last year.”
He said the number of preliminary sales on realestate.com.au in Brisbane in May 2023 was the highest for any month since May 2022.
“The rebound in sales activity across Brisbane has been so strong that preliminary sales in May this year were higher than a year ago in several regions of the city,” he said.
“Brisbane North (42.1 per cent), Brisbane Inner City (35.3 per cent) and Moreton Bay North (7.2 per cent) had a higher number of sales than a year ago,”
PropTrack senior economist Eleanor Creagh said continued strong demand from a surge in overseas migration, a slow return to pre-pandemic household size in the capital cities, and persistently low levels of supply was offsetting pressure from rising interest rates.
“After five consecutive months of national home price growth, stronger market conditions are more pervasive, and price rises are more widespread,” Ms Creagh said.
“Strong demand relative to stock on market is seeing home prices lift, and offsetting the downward pressure from continued interest rate rises.
“The pace of price rises may slow with interest rates lifting further, particularly if the flow of new stock coming to market increases. However, the factors precipitating stronger housing demand — population growth and tight rental markets — remain alongside an undersupply of new homes. This may see home prices to continue to lift in the months ahead.”
Article source: Queensland Property Investor