Queensland’s luxury and holiday property market continues to favour buyers, with sellers forced to significantly drop their price expectations after the global financial crisis.
But agents say that this spring, things are looking up.
“The luxury market in Queensland has changed quite dramatically in the past six months,” says the Director
of Unique Estates, Nicolette van Wijngaarde.
“After four years of GFC and many highend buyers sitting on their hands, the market is now considerably
more buoyant.”
The impact of the GFC compelled vendors Catherine and Ron Lightfoot to drastically reduced price expectations for their stunning Whitsundays property.