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Consolidation, Competition and Care

By Andrew Carter

Toowoomba property remained the sole rising market in South East Queensland according to a Core Logic report released this month. Diverse economically, fundamentally resilient, brimming with potential and new infrastructure projects such as Baillie Henderson Hospital, the Garden City continues to attract buyer’s agents and interstate property investors long after they have withdrawn from other markets across the nation.

A consolidation in prices is clearly underway with interest rates returning to long term averages and a persistent two year short supply of property now easing as sellers take advantage of the final stages of a remarkable boom. The 40% upswing in prices since March 2020 defied all negative commentary during the early stages of the pandemic. Likewise we feel speculative talk of a correction for the Toowoomba house prices is premature and all information available points to the same stabilisation period typical of previous local cycles. Right now, this is exactly what we are seeing with inspection and offer numbers moderating to normal levels.

Competition Creators is now a registered trademark of Ray White. Our humble beginnings in Crows Nest just north of Toowoomba have been driven inexorably forward to national real estate leadership. The catalyst, an unwavering commitment to outstanding marketing and a sale process designed to deliver confidence for our clients, long after the sale is completed, that everything has been done to identify the best price.

Ray White Toowoomba was proud this week to win the coveted Qld Customer Service award for the third consecutive year. Ray White, Australia’s most trusted real estate brand, numbers 175 high performance agencies in the sunshine state and our achievement highlights a passion in all conditions to provide total transparency, excellent communication and a brilliant real estate experience. We are always here to help you and have been for 120 years.

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