ABC News (Australia) published this video item, entitled “Property bargains in south-east Queensland: How the property boom has shaped the market | ABC News” – below is their description.
Brisbane couple Nikki and Stuart Beard have just borrowed more than $950,000 to buy into the property market at Camp Hill.
They paid $1.1 million for a four-bedroom, two-bathroom highset character home.
“We have missed out on homes with up to 26 offers and not always by that much,” Ms Beard said.
“But this is the market, it is so competitive. I do not know how many places we have made offers on.”
Frustrated, they turned to buyers agent Brett Warren, who helped negotiate the deal.
They were told to sell their first home, be cashed up and ready to buy with little conditions if they wanted to be the first in line.
With a toddler in tow, the Beard family lived in short-term rentals for six weeks while they continued to look.
“We had to have pre-approval, know exactly what we were looking for,” Ms Beard said.
“We wrote a list so we did not waste our time. Having someone else to negotiate took the stress out of it.”
The latest property data from CoreLogic confirms the Greater Brisbane market is still hot, with a 13.2 per cent increase in the median house price for the year to the end of June.
Mr Beard said their battle to secure a home had been “a bit of a roller-coaster”.
“We are looking forward to finally having a home for the family. We feel blessed — we are in it for the long haul. This is going to be a keeper,” he said.
ABC News (Australia) YouTube Channel
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