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When Is The Right Time To Buy A Brisbane Property?

With Brisbane in the early stages of a new property cycle, the constant question 'is this the year to buy a new home in Brisbane?' becomes all the more pertinent.

Meighan Hetherington, Managing Director of Property Pursuit and Queensland's most awarded Brisbane buyers agent, believes the early 2010 property market cycle is reminiscent of the peak property cycle of 2007.

"As a buyers agent Brisbane, we see the cycle first, before the real-estate agents, before the real estate analysts, and what we are seeing is a property up-swing not seen since 2007 as well as a shortening of the property cycle," she said.

While the average increase in house prices across Australia's eight capital cities rose by 12.3 per cent in 2007, homes in Brisbane experienced a recent increase of more than 20 per cent according to figures released by the Australian Bureau of Statistics (ABS).

Houses in Brisbane increased in value by 21.6 per cent within a 12-month period to December 2009 which often affects how easy it is to find a home in Brisbane.

With house prices and interests rates on the rise, will a buyers agent services in Brisbane be able to advise if there is any right time to buy and who has the best buyers agency in Brisbane?

According to Ms Hetherington, people should commit to finding a home or teaming up with a home buyers agent in Brisbane when they can afford to, not before!

"It's important not to delay the actual purchase while waiting for a 'better time in the market', said Ms Hetherington.

"Brisbane buyers need to focus on buying in the best location possible and prepare to compromise on some aspects of the property – don't look for perfection because you will still be looking in two years time," she said.

Brisbane is Australia's third largest city and within the past five years over 170,000 people have moved to Queensland's capital which is only expected to rise in years to come.

According to Brisbane Marketing the projected population growth for Brisbane is estimated to reach over 2.4 million people by 2021 and over 3.3 million by 2051.

"Right now is the right time to buy, as long as buyers do their homework and can comfortably hold their investment for the long-term because no on can predict what will happen tomorrow – not even a professional home buyer in Brisbane," said Ms Hetherington.

"My tip for buyers is to call a range of buyers agents in Brisbane and select the professional home buyer service that offers the best advice based on their personal situation," she said.