Last night during Channel Ten’s evening news bulletin they had a story on the real estate market in Brisbane, and noted that things are still buzzing along quite well. Craig Bullen from RealWay mentioned the $3 million sale of a home in Coorparoo, and Forest Lake was listed as one of the bargain areas that is growing rapidly (about 12 per cent a year). I wonder who took the initiative to kick start this story – Channel Ten or REIQ?
I reckon the media can be a significant influencer to property prices, so it will be interesting to see if there is further media interest in Brisbane’s real estate market. When the media is positive, prices will tend to go up. When the media is doom and gloom, as they are in Sydney at present, the market tends to go down.
