Brisbane property to do well in 2018 on the back of interstate interest

Property markets are tipped to remain buoyant in 2018 according to the Real Estate Buyers Agents Association of Australia.

It said markets in Brisbane and Hobart would do well as a result of keen interest from interstate buyers priced out of Sydney and Melbourne markets.

REBAA Queensland representative Zoran Solano tipped the top end of the market would start to move in Brisbane with more families moving up from Sydney and Melbourne.

“Investors should look to capitalise on this with the premium rental market staying buoyant going into 2018 within the $800 to $1500 per week range renting quickly,’’ he said.

Mr Solano said developers would shift their focus from off the plan apartments to townhouse project or house and land in 2018.

For owner occupiers he warned that suburbs within 10km of the CBD could experience a two speed economy – locals vs interstate buyers.

This, he said, would push up prices in those areas.

Mr Solano said first time buyers should perhaps consider finding properties that were affordable and that they could add value to through renovation rather then buying newer homes much further away from the CBD.

Source: https://www.realestate.com.au/news/brisbane-property-market-is-predicted-to-do-well-in-2018-on-the-back-of-interstate-interest/