Are you considering investing in the Brisbane property market?
I know many investors are looking to Brisbane, thanks to its relative affordability compared to our Sydney and Melbourne markets.
There is also a buzz in Brisbane with a host of new and exciting projects being undertaken and now there’s the news that we’re hosting the Olympic Games
Sure there is the “it’s time” factor, but that is more emotional sentiment and you need to dig a little deeper to ensure there are some facts and data to support it.
To give you the edge, I am happy to share 10 things you need to know before investing in Brisbane.
This week I’ll share the first 5 and watch out for the second part of this 2 part series tomorrow.
What makes me qualified to talk about the Brisbane market and what separates me from the other 25 million property “experts” in Australia.
Well, firstly I have been assisting our clients to buy in Brisbane for over a decade now, as a Buyers Agent, Property Strategist and now as the Director of Metropole’s Brisbane office.
While most people are lucky enough to buy 2 or 3 properties in their lifetime, we buy more properties than that in Brisbane every week.
Even more importantly, I have personally been investing for around two decades myself and have an extensive property portfolio.
1. Where are the jobs being created?
If you follow the simple equation that jobs create demand for housing.
All you will need to do is find out where the bulk of jobs are being created.
Naturally, people will want to live closer to their work for a shorter commute and having access to public transport.
Demand will be stronger, closer to major employment hubs and right now in Brisbane, there are 50,000 jobs being created between the CBD and the Airport.
So, in Brisbane, stick to the 10km ring to encompass the CBD, Hospitals and the Airport precincts.
2. Suburbs within a school catchment will continue to attract a premium
Once people are settled in a job, as many will be young professional families and couples starting families, next on the list will be schools.
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