Brisbane Property Investment
Brisbane property prices has provided owner occupiers and investors consistent results over the past seven years. Population growth and a strong state economy is expected to see Brisbane housing demand to remain steady in 2020. Brisbane is seen by many property analysts as a slowly rising market and this consistency is a good factor for investors. Supply for house-and-land property in near-city suburbs is largely fixed. Demand from buyers for property within these locations is consistently firm because they offer reduced commute times to the city, as well as retail/commercial hubs and character-style housing.
It’s also a classic example of radiating price movement from the southern capitals Sydney and Melbourne to Brisbane. Not only do these inner suburbs experience the upward cycle ahead of the mid- and outer-ring suburbs but they’re also considered less volatile – that is, they don’t tend to suffer the downturn that some of the outer lying suburbs can be subject to.
Established dwellings within 10 to 14 kilometres of the CBD, with access to public transport and services, might be in the next growth wave, although with the market at present it may be more a medium-term proposition than a short-term one.
In Brisbane’s north, Northgate, Wavell Heights and Virginia have already experienced the ripple and are still achieving good growth, but being ahead of the wave means checking out suburbs like Aspley and Carseldine.
To the south, Sunnybank and Sunnybank Hills have seen good levels of demand over the past 12 to 18 months, so Eight Mile Plains and Runcorn are where the wave should next hit.
Brisbane Property Investment Overview 2020
Brisbane property investment is a conservative, steady and reliable market that has always been the poster city for the pebble-in-the-pond growth wave model. Plotting the APM numbers reveals a reasonably steady band of activity around the five- to six-kilometre mark right now.
Brisbane’s property market has always promoted its affordability in comparison to Sydney and Melbourne. You can buy a pretty nice home within jogging distance of the CBD and still pay substantially less than the price of a bedsit in Bondi Beach.
In a general sense, Brisbane had a strong 12 months leading into 2020 when compared to Melbourne and Sydney property markets. There was expectation the city would see much stronger growth across the board, but a lack of confidence and interstate migration didn’t help. Mind you, not all sectors perform uniformally.
Logan City between Brisbane and the Gold Coast experiencing consistent growth is an attractive option from a price perspective as well as Springfield, ‘select’ parts of Ipswich and western Brisbane generally.
This suggests purchasers are looking at the long-term advantages of being a homeowner, or even an investor, in the Queensland capital.
Opportunities remain for suburbs with lower supply and increasing demand – vacancy rates are fine and yields are above five per cent gross in many instances.
More information on property investment in Brisbane including recommended residential developments and suburbs is available in our free information pack eBook
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