Aaron Woolard of Place Estate Agents has never seen the real estate industry so busy in his 12 year career.
Since the beginning of COVID-19, interest in real estate in the Brisbane suburb of New Farm has exploded, according to Place Estate agent Aaron Woolard.
"We are seeing a huge increase in activity across the board," said Mr Woolard.
"While listings have been going down year on year, attendees at open homes and inspections have grown.
"I've been in real estate for 12 years and I've never seen it so busy."
Mr Woolard cites one example of a current buyer who attended an open recently.
"She lives in a one bedroom place, and being Irish she is stuck at home," said Mr Woolard.
"Instead of going back to Ireland she has additional money and with interest rates being so low and working from home, she is looking for something bigger."
On the other side of the coin, Mr Woolard said sellers have been freed from needing to be near the city for work.
"They want a sea-change," said Mr Woolard.
"Expats are coming home, wanting to be back to their roots and closer to family.
"I've had quite a few buyers from the Northern Territory and other interstate locations."
Mr Woolard said New Farm's popularity lies in its proximity to the city.
"It's the liveability and lifestyle that's so attractive," said Mr Woolard.
"The care lifestyle, the nearby riverwalk, it's all on New Farm's doorstep."
Mr Woolard said the best advice he could give buyers is to make contact with the main agents in the area.
"Properties are selling faster than anticipated and if buyers register their details with an agent, they may get access to properties before they go to market," said Mr Woolard.
"For sellers, again, they need to align with an agent who is getting results, as they will have a buyer pool they can access."
New Farm property sold early August for $2,350,000 through Place Estate Agents. Photo: Place
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