Brisbane House Prices: Scoreboard Update: January 2012
2012, Looks like being a good year! It might seem strange to get excited about a month that recorded a -0.03% capital loss until you understand what type of year 2011 was. I was predicting a flat January and my prediction has proven to be somewhat accurate. The increase in buyer activity was first noticed mid December and has continued right through January resulting in more healthy price action for our market.
There are still plenty of people sitting on the fence and watching the Brisbane market carefully, waiting for signs of positive momentum, fair enough, just keep in mind that if you are one of the people on this fence you need only glance around to see all of the people you will be competing against when the market turns. It’s really crowded on that fence presently.