Investing in the property market in Brisbane is a solid strategy for your wealth creation plan. Brisbane property investment has seen an increase in popularity for investors as the infrastructure and lifestyle of the sunshine state lures renters, creating demand for work and accommodation which increases demand for rental property.
In the Bis Shrapnel Property Prospects Report 2014-2017 Brisbane is tipped to be the boom city with a forecasted 17% nominal growth, which equates to around 8% after inflation. This growth will be largely due to ongoing tight housing supply.
The low interest rates have been helping to support stronger purchaser activity along with stronger price growth proving attractive for property investors in Brisbane.
The report also states “Population growth has also experienced a surge as net overseas migration with the subsequent rise in rental demand also placing pressure on many capital city markets and helping to underpin price growth.”
We expect Brisbane to be a growth market and a secure investment with distinct advantages for investors.
Brisbane has long been seen as a market that is lagging behind the bigger cities, but with this comes benefits for savvy investors. With an average purchase price for apartments in Brisbane at $450,000, which is much lower than Sydney prices, it is easier to build a well-rounded portfolio if you are working on a limited budget.
Brisbane City is constantly undergoing infrastructure changes and upgrades as the city grows with continued population increases making the city a more desirable location, increasing jobs and demand for accommodation. Taking advantage of this increasing demand as an investor means you will see continued growth in your properties.
Along with this Bis Shrapnel Senior Manager Angie Zigomanis has commented that “although prices have been rising in a number of capital cities, affordability at current interest rates are sufficiently attractive to maintain further price growth for now.”
“This is all beginning to have an impact on purchaser sentiment, with upgrader and investor demand increasing and encouraging price rises. The pieces are falling into place for the Brisbane residential market to continue to strengthen,” said Zigomanis.
Brisbane represents a solid investment and worthwhile addition to your real estate investment portfolio, even with recent economic downturns in Queensland the expected growth rate for the next 3 years is stable.
Contact the team at National Investment Planning for advice, guidance and a wealth creation strategy for investing in the Brisbane property market.
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