3 reasons for optimism for Brisbane property

I’d like to share 3 things that you really should know about Brisbane property.

Recently Dr Andrew Wilson, Australia’s leading independent property economist, took the time to speak to many of our clients at our Brisbane Property Seminar.

In case you missed it, here are 3 of the key points he made;

1. Brisbane is leading the nation with new arrivals from interstate

We know population growth is one of the big drivers of our property markets.

Queensland is currently the destination of choice for interstate migrants.

We haven’t seen this surge of interstate migration since the mining boom.

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2. Brisbane is an Undersupplied Market

Property prices rise due to demand being greater than supply and currently there is a shortage of around 48 properties per week in Brisbane.

Of course there’s still an oversupply in some locations – but they’re not really investment grade locations anyway.

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3. Stronger Rental Yields are Beginning to Attract Investors

Investors have been missing from the Brisbane property market for a little while now, but Dr Wilson believes with falling property values in Melbourne and Sydney and substantial growth and higher yields forecast for Brisbane investors will return.

In fact that’s exactly what we’re experiencing at Metropole in Brisbane – more local and interstate enquiries – in fact we haven’t see so much investor interest in Brisbane for a decade.

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There was so much valuable information on the day that it would be difficult to sum up in one email.

Suttons Beach Brisbane SuburbAndrew really emphasised the strength of the market and some of the great opportunities that lie ahead.

Our Metropole Brisbane team has noticed a significant increase in local consumer confidence with many more homebuyers and investors showing interest in property.

At the same time we are getting more enquiries from interstate investors there we have for many, many years.

If you’d like to know a bit more about how to find investment grade properties in Brisbane please give the Metropole Brisbane team a call on 1300 METROPOLE or click here and leave your details.

fact: our markets are on the move

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Brett Warren

About

Brett Warren is Director of Metropole Properties Brisbane and uses his 13 plus years property investment experience to advise clients how to grow, protect and pass on their build their wealth through property. Visit: www.brisbanebuyersagent.com.au


'3 reasons for optimism for Brisbane property' have 1 comment

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    April 29, 2019 Josh

    Hi Michael, is there any data regarding how much of that interstate migration is actually going to Brisbane? I feel like more people from interstate are moving to the Gold or Sunshine Coasts….

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