Top Marks for Unstoppable City
The report card for Brisbane property continues to impress…straight A’s are becoming the norm for this leading investment location. Brisbane looks set to continue its top of the class status with the latest report from CoreLogic Data revealing that 90 suburbs in the Greater Brisbane area achieved above average house price growth in the last quarter of 2016.
According to the report, median house prices have soared by almost 25 per cent in some Brisbane suburbs, defying slowdowns in home values in other major cities. Experts have dubbed the sunshine capital the ‘teflon’ city, with Brisbane bucking the national trends and seeing house prices soar.
In one suburb alone, the median house price increased by 24.6 per cent with South Brisbane leaping to a staggering $1.76 million in the December quarter.
Of course, these results are no surprise to Massland. Our strategy of honing in on the most lucrative investment locations continues to pay off.
We’ve spent years refining our method to identify high achieving suburbs that tick all the boxes…high growth population, easy access to the CBD and a comprehensive offering of quality amenities such as schools, retail stores and recreational facilities.
Brisbane has gained momentum as a property powerhouse, and experts are singing the praises of the quiet achiever. Here’s what Terry Ryder, founder of hotspotting.com.au had to say recently:
“Meanwhile, Brisbane chugs along, largely under the radar of national media – but not property investors who are smart enough to do their own research. A recent national survey found that Brisbane is the No.1 choice for property investors who plan to buy in 2017. Cheaper prices and much higher rental yields, compared to the two biggest cities, are strong attractions for nationally-focused investors.
Having just completed my latest analysis of sales data, I can confirm that the leading precinct for market activity is the Moreton Bay Region in Brisbane’s far north, where affordability, infrastructure and proximity to jobs nodes are key factors.”
10 properties in 10 years.
Yours in success