Morningside Property Report SUMMER 2025 Courtesy of Conrad Leisemann, Ray White Bulimba
Despite more homes being listed for sale and rising prices making property less affordable, the Brisbane property market continues to be one of Australia’s strongest capital city housing markets and is likely to remain so in 2025. The city’s median home value is now higher than that of Melbourne. The property market has experienced a notable revival in listing activity during the recent quarter. This marks a significant shift from the middle of 2024, when inflationary concerns had prompted both buyers and sellers to adopt a more conservative stance toward property decisions. Property owners who had been hesitant to list their homes are now showing increased readiness to enter the market. This anticipated expansion in available properties could alter market dynamics, presenting opportunities for prospective buyers who have been waiting for more favourable conditions. The prospect of improved financing conditions in 2025 is adding a layer of optimism. I find it’s worth a reminder that property price growth tends to move in cycles rather than following a steady upward trajectory. The best time to buy, sell, or invest in property is simply when you’re ready - with enough savings, stable income, and clear housing needs. Making property decisions based on your situation rather than market predictions usually works out better. If you’re considering a move, get in touch with me for a chat about your options. I look forward to helping you realise your property goals. Conrad Leisemann Ray White Bulimba 0403 978 813 WHAT’S HAPPENING IN OUR MARKET?
HOT TIPS FOR A SUMMER SALE Most properties simply look better under a blue sky and in the summer sunlight – here’s some advice to help you nab a better sale price too. PREPARE YOUR HOME WITH THE WEATHER IN MIND During summer, your outdoor space is a key selling point for your home so you need to make sure it’s in great shape for open homes and marketing material. Mow the lawns, trim your hedges, sweep porches & paths, tidy the garden. If your home needs it, apply a fresh coat of paint to its exterior, but at the very least, water blast to remove dust and grime. It’s essential that your home feels comfortable when viewers attend open homes. Open your windows and doors to your outdoor area to make the space feel airy. If it’s particularly hot, have your aircon on and place a jug of inviting, icy cold water garnished with lemon, cucumber & mint on the kitchen bench. Don’t forget the glasses! Last of all, it’s always a good idea to make sure the windows are crystal clean as buyers get excited about sunlight streaming into a living room or master bedroom. CHOOSE YOUR OPEN TO VIEW TIMES CAREFULLY During the morning or evening, temperatures may be more comfortable for viewers. On the other hand, if your home doesn’t see a lot of natural light, midday might be the best time. CONSIDER HOME STAGING OPTIONS If you’re not quite sure how you can arrange your space to make it appealing to potential buyers, then you might want to consider a professional staging company. Home staging can come with a price, but if you’re willing to invest, it can be worthwhile. Stylists know what picky home buyers are looking for when they come through your house, so they’ll keep up with the latest trends and help you get set up for success. HIGHLIGHT YOUR INDOOR-OUTDOOR LIVING SPACE During summer home viewings your indooroutdoor space needs to shine. It should be easy for prospective buyers to visualise themselves entertaining friends, or having a drink after work in the spaces. New outdoor furniture, a sunshade, or even a comfy bench under a tree at the end of your garden can make all the difference.
RECENT SALES IN YOUR AREA 41A Elwell Street 8 Palermo Street 33 Moolabar Street 42 Lawson Street 41 Trafalgar Street 53 Moolabar Street 121 Stephens Street 30 Deviney Street SOLD $1,400,000 SOLD $1,107,000 SOLD $1,205,000 SOLD $2,365,000 SOLD $1,555,000 SOLD $1,040,000 SOLD $1,555,000 SOLD $1,799,000 3 2 2 4 1 2 3 1 1 5 3 2 3 1 2 3 1 1 3 2 2 5 4 1
121 Baringa Street 110 Britannia Avenue 7/111 Thynne Road 49 Moolabar Street 1/95 Ison Street 1A Palermo Street 1/47 Grayson Street 11 Elaroo Street SOLD $1,200,000 SOLD $1,350,000 SOLD $855,555 SOLD $1,680,000 SOLD $1,250,000 SOLD $1,300,000 SOLD $825,000 SOLD $2,600,000 3 1 2 3 1 1 3 2 1 5 2 2 3 3 2 4 2 2 3 2 1 5 3 2
54 MORNINGSIDE FAST FACTS MORNINGSIDE 24 1. 3. 4. 5. Compared to five years ago, the median sales price for houses in Morningside has increased 66% which equates to a compound annual growth rate of 10.6%. PROPERTIES SOLD LAST QUARTER HOUSES AVERAGE DAYS ON MARKET SALES Source: Core Logic RPData 3 November 2024 - 3 February 2025 2. LEASE $900K 100 $1.2M 150 $1.5M 200 $600K 50 2020 2021 2022 2023 MEDIAN HOUSE SALE PRICE NUMBER SOLD 2024 UNITS SOLD LAST QUARTER 14 MEDIAN $1,222,000 HIGHEST $2,750,000 LOWEST $460,000 MEDIAN $715,000 HIGHEST $977,500 LOWEST $236,000 HOUSES UNITS MEDIAN HOUSE (3 BED) $750 MEDIAN UNIT (2 BED) $600 RENT PER WEEK
“We were both extremely happy with Connie and his team. They couldn’t have worked harder or smarter to achieve the great result. The level of engagement and communication was excellent. We received constant updates letting us know how everything was tracking. Overall, it was a great experience, we couldn’t fault anything, and we will be using Connie again next year when we look to sell another property.” PETER & MELISSA “My wife and I couldn’t be happier with the way in which Conrad Leisemann and his team helped us relocate to this amazing city. Connie’s experience and understanding of the market is exceptional and his communication throughout the process was outstanding. Our situation was a little more complex. We have relocated from NZ, and Connie’s vendor had also relocated. He was relaxed, yet ever professional. My wife and I genuinely feel that we have an agent for life. Awesome support, but most importantly genuine. He earned our trust and confidence and that speaks volumes about Connie and his team. I have offered Connie my personal reference and I will happily talk through my experience with Connie and his team in person. Cheers.” TIM & RACHEL “What would we do without Conrad! From initial consultation with Conrad we knew we were in safe hands. Not only is Conrad highly knowledgeable, easy to work with, determined and passionate about getting you the best outcome with your home (which he did for us), he is a super kind person who is always willing to give you his time and go the extra mile! Not only did he sell our place but he also guided us through the process of buying a new house when he didn’t have to. No answer is ever too much or too stupid. We honestly don’t know what we would have done without him. I wouldn’t go anywhere else - highly recommend!” NIC & JESS A WORD FROM MY CLIENTS
YOUR LOCAL AREA EXPERT Ray White Bulimba 6/57-59 Oxford Street Bulimba QLD 4171 raywhitebulimba.com.au CONRAD LEISEMANN Sales and Marketing Consultant 0403 978 813 conrad.leisemann@raywhite.com Living locally for over 40 years – selling locally since 2009 Widely known as an exceptional communicator due to his wealth of experience in customer service and business management, Conrad has been regularly recognised as a multi-award winner within the real estate industry. Having lived in the inner eastern suburbs of Brisbane for over 35 years, and now residing with his family in Morningside, Conrad not only has an intricate knowledge of our local area but the entire Brisbane landscape. His clients appreciate his sense of humor, lighthearted and supportive outlook, while nonetheless being able to provide a highly skilled, professional, empathetic and trustworthy service. An active member of the local community, Conrad continues to support many different sporting clubs, local businesses, community charities, school programs and local events. Conrad enjoys guiding his valued clients to achieve the very best experience and outcome in their real estate transaction. With an investment property portfolio of his own, he can also provide expert advice to property investors. His business philosophy is simple: “Clients for life through the finest service”. • •
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