The Hicks Real Estate wrap of 2022

After the previous two years of rapid price growth, 2022 saw local property prices move up more slowly and then even start to fall in the second half of the year.  Interest rate rises were probably the biggest factor in play during this year and it will be interesting to see if the Reserve Bank has finished upping interest rates or will there be more pain to come in 2023.

Whatever they decide we know that the Brisbane property market has very strong fundamentals in place, with massive population growth being experienced, large infrastructure projects continuing, and the 2032 Olympics on the horizon.  Making Brisbane one of the safest property markets to be involved in, no matter if it is for your home or for an investment.

If you would like to have a chat about the property market or your property in particular, just give one of the Hicks Real Estate team a call, to get the best possible advice available.

Highest Sale price 2022

4 Amiable Place, McDowall

This brand new, open plan, 5 bedroom, 3 bathroom property, was only on the market for a short time as buyers easily recognised the outstanding quality on offer.

New homes in McDowall really represent great opportunities and this one certainly did as well.  With a sale price of $1,350,000 both buyers and sellers were satisfied.

Best Pool and Entertainment Area

87 Kidgell Street, Stafford

Summer in Brisbane is made so much more comfortable with a great outdoor living space.  Which can only be surpassed if it is right next to a great swimming pool.  This property in Stafford was the perfect example of the entertainment area/pool combo.

Most Loved Home

26 Hawthorne Street, Enoggera

This wonderfully restored Queenslander was a labour of love for our sellers.  This was a perfect example of classic Queenslander style with a modern touch with all new kitchens and bathroom areas.  We are sure that the buyers will love it just as much as the previous owners.

Highest Off-Market Sale

8 Heston Street, Stafford Heights

Due to our extensive experience selling homes in Brisbane’s north-western suburbs and networks of contacts, we are often able to sell homes “off-market”.   This property in Heston St was a great example with a sale price over $1,000,000 our sellers we delighted with. the outcome.

Home with the most potential

21 Park Street, Kelvin Grove

To say this property was a little tired is an understatement, but what an opportunity for the new owners.

A great sized block and on the city doorstep this little old workers cottage lends itself to redevelopment.  We cant wait to see what plans the new owners have here.

The Smallest Home

316 Scarborough Road, Scarborough

They say that good things come in small packages, and this Scarborough property might just prove that point.  With 8 offers and a great sale price this smaller home offers the combination of sea side living while still remaining close to the city.

Property exceeding Sellers expectations the most

10 Eastwood Place, McDowall

Another off-market sale in McDowall. This property was sold off market to a buyer in our data base with 3 written offers.

With a sale price just under the $1,000,000 mark and more than $130,000 over their expectations our sellers were very happy with this result.

Best Deck

4 McQueen Street, Stafford Heights

It is easy to get a case of deck envy when you see this magnificent deck in Stafford Heights.  With room for outdoor cooking, sitting and eating this deck has the lot.  Overlooking the backyard which is full of great gardens would make any homeowner proud.

What will 2023 hold for the property market, no one really knows just yet, but one thing is certain.  That is that the expert team at Hicks Real Estate will be helping people to sell their existing homes and create new homeowners.  If you are considering selling then a chat with Justin should be one of your New Year resolutions to get the best advice moving forward.