Source: Terry Ryder’s Hotspotting, 19th October
While the best time to buy in the two biggest cities has well and truly passed, Brisbane appeals as a city that offers good value. Its prices are roughly half those in Sydney and its rental yields are higher.
A recent national survey found that Brisbane is the No.1 choice for property investors who plan to buy in the near future. The latest PIPA survey found that 43% of investors favour Brisbane, ahead of Melbourne (32%) and Sydney (8%).
A combination of positive factors is driving interest in the Brisbane housing market – tempered by oversupply concerns in the inner-city unit market.
Brisbane’s prospects are set to grow as the state economy improves after several years of lukewarm performance. The market is also set to be boosted by rising spending on infrastructure in Brisbane