Hamish Bowman

Look, Brisbane's mirroring Barcelona as a city that they want to follow as a successful road up to the Olympics and beyond, and the property market as well.

So

What they're doing, I mean, all this infrastructure that's coming in now, a lot of these buyers are saying to us, look, we may as well get in now.

The property market's stabilising, obviously, so it's not heated, so they don't feel like they're buying at the top of the market.

And what's happening, we've also found, Craig, is that a lot of these buyers are actually having two homes.

So they'll keep a home in New South Wales or Casuarina or Byron Bay or Noosa, which may have been their beach house back in the day, but now they're spending...

half their time there and half the time in this new asset they bought, which they're going to use potentially not all the time, which is an interesting dynamic.

Tenerife has a hill like Hamilton Hill in Brisbane.

It's a hill.

Originally, the best houses on that hill, you could see the ships coming through the mouth of the Brisbane River.

And then through a period of time, and the best houses in Brisbane were there 100 plus years ago.

And then New Farm and Tenerife became a little bit dirty and grubby as inner city suburbs did.

Then they were gentrified through the 90s.

It's on a hill.

It's got 360 degree views.

You've got northeast, east.

It's only three kilometres from the city.

It's got its own park.

It's Tenerife Park up on the hill.

It's bounded by the river.