What Are Buyers Looking For Right Now?
In last week’s newsletter, we touched on how the market has shifted - after years of strong momentum, we're now seeing a more measured pace. Buyers are becoming more discerning and price-conscious, and they’re no longer purchasing simply because stock is low. Today’s buyers are looking for value - real, tangible value that aligns with their lifestyle needs and financial goals.
So what exactly does that mean in the current market, particularly here in Brisbane’s inner-west?
1. Homes That Are Move-In Ready
Renovation fatigue is real. With building costs continuing to climb and timelines stretching out, buyers are increasingly opting for homes that are already complete - or close to it.
Yes, renovation costs in Brisbane have significantly increased. For example: a standard kitchen renovation now averages around $50,000, up from $30,000 in 2020. Plus according to data from Tradies Network, projects are also taking 25% longer to complete.
As a result, homes with updated kitchens, modern bathrooms, and nothing urgent to fix are commanding more interest. Buyers are happy to pay a premium for homes where the heavy lifting is already done.
2. Flexible Floorplans with Room to Grow
More than ever, buyers want homes that offer flexibility: space for a home office, a quiet study nook, or a second living area for kids. In areas like Paddington, Bardon, and Auchenflower, where homes are often character-filled, thoughtful renovations that incorporate open-plan living and indoor-outdoor connection are particularly sought-after.
3. Location Still Matters - but So Does Practicality
Yes, inner-west Brisbane remains tightly held because of its lifestyle, schools, and proximity to the CBD. But today’s buyers are not just falling in love with a postcode - they’re considering things like traffic flow, access to public transport, parking options, and walkability to cafes, schools, and shops. If your home ticks those boxes, it’s a significant selling point.
4. Energy Efficiency and Low Maintenance
More buyers are asking about energy-efficient features: solar panels, quality insulation, and energy-rated appliances. Additionally, low-maintenance gardens, smart home features, and durable finishes are increasingly appealing to those who want lifestyle without the upkeep.
5. Realistic Pricing
Perhaps the biggest change we’ve seen is that buyers are prepared to wait for the right property at the right price. Overpricing in this market can lead to prolonged campaigns and reduced engagement. When priced correctly, however, properties continue to sell - sometimes very quickly.
Thinking of Selling? Let’s Talk Value
If you’re considering a sale, now’s the time to position your property to match buyer expectations. We can help you identify the features to highlight, the improvements that may add value, and most importantly, guide you on pricing it right.
Reach out to the team at Glynis Austin Properties for a confidential, obligation-free appraisal. We're here to help you move forward with clarity and confidence.