‘Biggest January in 20 years’: Brisbane property booms

Queensland’s decision to delay the start of the school year has given family home-seekers an extra two weeks’ grace and is likely to further buoy a market that has already started the year strongly. The announcement earlier this month to push back the first term’s start to February 7 from January 24 would further buoy a market for homes that has enjoyed a boost from interstate and expatriate buyers after border controls lifted on December 18, agent Jason Adcock said. “It’s fantastic for us as agents,” said Mr Adcock, the principal of Adcock Prestige. “It’s given people another two weeks up their sleeve before their kids start school. When they announced that, I said to my team ‘Watch the inquiries jump up a couple of notches’ and it did.” Brisbane and Adelaide are already leading the country’s property market into a strong new year that has prompted agents to open their doors earlier than normal and is securing new price records, CoreLogic said on Monday. Since January 1, the data provider’s daily index of dwelling values has risen 1.1 per cent in Brisbane, closely followed by Adelaide, at 1 per cent. Sydney and Perth are up 0.5 per cent, month to date, with Melbourne lagging at 0.2 per cent, the index shows. In the Queensland capital, the opening of state borders last month boosted the market for family homes as it let in a new cohort of potential buyers who wanted to see properties before buying – unlike investors who have been happy to buy sight-unseen

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