Brisbane is basking in the glory of being hailed a shining light in property investing and all the experts agree on one fact; Brisbane is hands down, the place to invest.
The experts are more than happy to shout this fact from the roof tops as Brisbane housing prices are surging ahead.
According to CoreLogic RP Data research analyst Cameron Kusher, Brisbane is benefiting from recent job creation and affordability, saying “if people are priced out of Sydney more of them are starting to look into the Brisbane housing market.”
Brisbane is without doubt a star on the rise with the Sunshine capital achieving the 14th quarter in a row of climbing house prices.
In fact, house prices in Brisbane have now risen 14.2 per cent in five years and family homes have become hot property, with some selling more than the new record average of $632,000.
According to Real Estate Institute of Queensland CEO, Antonia Mercorella, Brisbane is transforming and thriving and that was making it a more desirable place to live.
“Whether you’re a local or interstate investor, we have some of the strongest rental returns around the country,” she said.
“Not only are you able to pick up an asset for less than what you’d pay in Melbourne or Sydney, but the rate of return in many instances is greater in Brisbane. You could get a 60 per cent rental return depending on where you buy in Brisbane.” Read the full article here.
The good news continues with Your Property Investing Magazine suggesting that Brisbane is well and truly on the rise saying;
“Historical trends show that the Brisbane market experiences an upward sweep following booms in Sydney and Melbourne, and data to date has revealed that is just the case right now.” Read the full article here.
Right now, Brisbane is THE place to invest. If you’d like to grab a slice of the action, I’d suggest you contact a Massland Investment Representative today. Email enquiries@massland.com.au or call 07 5531 7822. It’s time to make your move!
Mark Rolton