News
Stay updated with our latest news and announcements
Banking on buyers thinking ‘safe as houses’
Sunday Mail Brisbane
Banking on buyers thinking ‘safe as houses’
By Elizabeth Tilley
When Alice Calcutt put her home on the market three weeks ago, she didn’t know the sales campaign would coincide with the start of a war. But despite fears of a property slowdown, the Brisbane mother-ofthree is banking on global uncertainty helping to sell her Chelmer house under the hammer on April 1.
“When there’s uncertainty around world issues, people tend to move their investments into houses,” Mrs Calcutt said. “The saying ‘safe as houses’ is what we’re relying on.
“I also think that there’s such a huge need for housing in Brisbane that it’s going to take something pretty big to upset that. It hasn’t stopped us from wanting to buy a new home, so I can’t see it stopping anyone else.”
Mrs Calcutt’s confidence comes despite warnings Queensland’s property boom is losing steam, with affordability pressures and rising interest rates starting to bite. But new data from property investment company Hotspotting shows that, while much of Brisbane is slowing, Chelmer is one of the few suburbs where sales activity is still on the rise.
The Calcutts, a family of five, have lived in their four-bedroom home at 7 Hurlton St for the past seven years but, with the kids now almost all at university, their needs have changed. “When we moved into this property, we had primary-school-aged children,” Mrs Calcutt said.
“We were very much connected to the community and the area and had lots to do with the local school and families. Now, seven years later, we’ve got uni students and everyone’s travelling out of the area, and life has just changed for us.”
They’ve listed their home with Cameron Crouch and Douglas May of Ray White Sherwood. “You can walk to everything you need,” Mrs Calcutt said. “It’s quiet, leafy, and you’re close to the city, but far enough away from the hustle and bustle. Plus, the large block sizes around here are hard to find.”
QLD MARKETS WHERE HOME SALES ARE FALLING Indooroopilly, Brisbane Browns Plains, Logan Pimpama, Gold Coast Parkhurst, Rockhampton Koongal, Rockhampton South Gladstone, Gladstone New Auckland, Gladstone West Mackay, Mackay Bucasia, Mackay Westcourt, Cairns Bayview Heights, Cairns Burdell, Townsville Mount Low, Townsville Aitkenvale, Townsville Oonoonba, Townsville Kelso, Townsville Collinsville, Whitsunday Biloela, Banana Burrum Heads, Fraser Coast Clermont, Isaac Source: Hotspotting
QLD MARKETS WHERE HOME SALES ARE RISING Clayfield, Brisbane Toowong, Brisbane Bulimba, Brisbane Mount Gravatt East, Brisbane Ascot, Brisbane Chelmer, Brisbane Tarragindi, Brisbane Eagleby, Logan Rochedale South, Logan Alexandra Hills, Redland City Cleveland, Redland City Murrumba Downs, Moreton Bay Ashmore, Gold Coast Hope Island, Gold Coast Broadbeach Waters, Gold Coast Mudgeeraba, Gold Coast Surfers Paradise, Gold Coast Miami, Gold Coast Palm Beach, Gold Coast Coolum Beach, Sunshine Coast Beerwah, Sunshine Coast Landsborough, Sunshine Coast Noosa Heads, Noosa Shire Buderim, Sunshine Coast Kings Beach, Sunshine Coast Source: Hotspotting