Show me the money

There’s no better place to park your money at the moment than your home. Following the handing down of the federal budget in May, owning an investment property looks a lot less enticing due to the introduction of major Capital Gains Tax and negative gearing reforms. The fact that the primary place of residence is excluded has prompted many buyers to redirect their focus towards building or renovating their own home, a trend we’re increasingly seeing play out across Brisbane’s luxury market.

It’s momentum not too dissimilar to the COVID years, when every man and his dog looked to improve an asset they can enjoy every day. It also supports the ongoing value growth of quality homes in coveted suburbs.

Here’s the benefit for those keen to sell: market-ready properties command a premium price. This means if you’ve done the work already, buyers in the luxury market are clamouring for an inspection. Labour doesn’t come cheap these days, nor do materials, and securing a good tradie leading into Brisbane 2032 isn’t always the easiest of feats. As a result, homes that have already been renovated or recently built are continuing to attract record prices.

Part of our process, within my team and the broader Ray White Collective, is to suggest improvements and assist in organising suppliers well before a campaign launch. If you’re considering selling but aren’t keen to embark on major upgrades, please contact me for a no-obligation discussion about how we can showcase your home to our luxury database.

Over the coming days, we’re proud to be launching two of Brisbane’s most spectacular homes to the market, including the remarkable Shaun Lockyer residence featured above. If you’re considering a move, keep an eye out, these are properties you won’t want to miss.

I hope you enjoy the read.

Matt Lancashire