Everyone will have an opinion where about the best place to invest in property. It’s an opinion where everyone thinks they are experts. In this article, we’ll review some facts why you should consider Australia’s capital – Brisbane, in your next real estate investment plan.
Brisbane has been popping up on foreign investment hot lists for the last couple of years. The city is Australia’s closest to the Asian mainland, which makes it very popular for tourists and a good market for people looking to invest or migrate. You can check out Lendlease Brisbane real estate options which is apparently adding more residential lots to many budding suburb communities. Brisbane has benefited from growing house prices in Sydney and Melbourne, and its comparable affordability is encouraging new interest from regional and foreign investors.
Brisbane’s expanding market. The consistent growth of Brisbane market is magnetizing residential, commercial, and industrial real estate investors. Last year alone, CoreLogic RP Data shows that the median house value in Brisbane is $548,540 – a figure that shows growth by 5.16 percent over the past 12 months.
Both houses and units have been great options for investors in the past. Homes are great for families and those that want more space for their lifestyle, and units are awesome for short-term tenants or students after functional and inexpensive lodging while they study. Targeting whichever audience your property portfolio favors is really up to you should try to take it to the next level.
The feasibility of investment in Brisbane. Based on CoreLogic RP Data’s Pain and Gain Report from December 2015 and 2016, there isn’t a better time to purchase in the Sunshine State capital than this year. A pained property is one that sells for a lower price than it was originally bought for, while the opposite category makes awesome capital gains for the homeowner.
In Brisbane, 5.3 percent of properties favored the buyers in 2015, which shows more affordable options are available here for property investors or even first-time home buyers than in Melbourne or Sydney, where only 2 and 2.5 percent of houses fell into the pain category. There’s also the important fact that the apartment market in Brisbane is currently booming – and growing ever so consistently.
A report from Jones Lang LaSalle shows that between now and 2020, there are 15,937 new apartments under construction, with a further 12,684 approved plans and 6,636 other submissions. In the next couple of years, there will be a significant increase in the number of newly available apartments around the beautiful Brisbane, and that’s essentially an open invitation to anyone willing to invest in a property that will surely gain returns.
Buyers flooding in the region. Investors thrive on confidence, so the real estate in Brisbane offers a strong market grasp that will instill the same in buyers. At present, the growth of the market can be attributed to the fact that buyers are flooding the region with goals to take advantage of the current conditions.
Clearly, there is a widespread understanding that Brisbane is offering great returns, and available data just proved this fact and convince investors enough about buying in the region.