The strength of the Brisbane property market has proven to be the ideal 18th birthday present for Place Estate Agents, which has experienced a spike in activity throughout the month of September.

The agency's New Farm office listed more than 45 new properties for the month, while its five lead agents transacted in excess of $50 million.

It comes after the brand underwent a shake-up to coincide with its 18th anniversary, debuting a new logo and combining its head office with its New Farm location under one roof at James Street.

4067_3406240_250620091830_4096.jpg

59 Molonga Place, Graceville. Sold by Heath Williams and Ann-Karyn Fraser of Place New Farm for $6.3 million. Source Place Estate Agents

Place Managing Director and New Farm Director, Judy Goodger, told WILLIAMS MEDIA the current energy and enthusiasm within the business coupled with a "real fear of missing out" in the Brisbane market had led to the strong start to the season.

"There was a great cross-section of buyer activity across the office from 1 bedroom investment apartment selling for $450,000 right through to multi-million riverfront properties in advance of $6 million," she said.

image.jpg

"The current level of stock remains tight compared to the number of qualified buyers who are actively looking to purchase right through Brisbane at the moment.

"It is not uncommon to see 20 – 30 groups inspect each of our open homes over the weekend at the moment and have 3-4 buyers ready to go to contract immediately on each property as well.

premium39706569_d324-24ba-86bc-4ffb-3067-004a-9f73-f291_20200630023341.jpg

"There has been a lack of interstate and overseas buyer activity during the covid-19 border restrictions but the local buyers have seen this as a positive and have taken the opportunity to put their best foot forward."

Similar to this: 

Judy Goodger looks back on 10 years with Place

New Farm has become a real estate hot spot according to Place

Drew Davies becomes a Place business owner