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But SPACE Property West End principal Angus Commins said the past few weeks have been tough for sellers in the inner city suburb. “It’s a volatile market,” he said. “In the last four to eight weeks, we’ve certainly seen compression in price.” “I would have thought about 10 per cent.” Mr Commins said anecdotally, the market had been weaker than usual. “We got to a point to where we were pushing a million for that product and now that’s come down to about $850,000, $900,000,” he said. Property Council executive director Chris Mountford said the council’s report showed there was some apprehension in the industry. The general metric showed Queensland’s confidence in the industry rose just four points to 127 (100 is neutral), in comparison to NSW, ACT, and Victoria, which reported scores in the mid-to-low 140s. Out of Brisbane’s weakest spots for growth, Sandgate was the worst performer, with prices falling just under 15 per cent. Inner city favourite Balmoral was close behind, falling 7.5 per cent. Dr Wilson identified Stafford Heights as a stand out suburb with poor growth because it was out of character: “Given [the median is] a bit softer, Stafford Heights represents pretty good value for buyers.” LJ Hooker Stafford agent Dean Hamilton was surprised the suburb recorded negative growth in the past six months. “There’s never more than two pages of listings in Stafford Park, stock doesn’t Mortgage broker Oak Laurel Nundah sit around,” he said.
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