The sunny Queensland capital of Brisbane has been a very solid performer in the housing market this year, with house prices gaining 2.8%. On the Brisbane River, next to shopping destination, Portside Wharf, the metropolitan suburb of Hamilton has grown tremendously, with an impressive 318 properties sold. Meanwhile, regional Yamanto, nearby the Amberley Aviation Heritage Centre to the CBD’s south west, has experienced a promising period of growth in its housing market, despite zero units being sold in the area in the last 12 months. This bodes well for the suburb’s real estate fees, as they are likely to be lowered in response to higher values.
As of December 1st 2014, there has been a change across Queensland to deregulate real estate fees, with the government removing the cap that dictated the maximum an agent could charge. With this newly unregulated market, agents are free to charge any real estate fee they wish, but it also means that agents are able to offer a greater quality of service in exchange for higher fees. This may affect more rural and regional areas of Brisbane, like the island dotted Moreton Bay, where property prices are lower.
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