Brisbane continued to lure investors seeking high performing investments; however, capital growth has started to slow.
Brisbane staged a solid performance during the three months ending September notching a healthy 4.71% in values according to the latest Residex data. Median house price rose to $411,500 and units $307,000. Rental properties remain in tight supply and fierce demand. Units in the inner and middle ring suburbs achieved a solid 5.10% yield and houses 4.19%.
Despite the healthy gains, the robust growth seen in the past few months appears to have moderated as buyers confront higher property prices and borrowing costs.
However, Tim Lawless, director of research at RP Data said in a report that the comparatively affordable properties in Brisbane and SE Queensland coupled with strong economic growth and migration have fuelled strong and far more uniform growth across the Brisbane market relative to the other cities.
“We see Brisbane as Australia’s best medium term residential performer particularly in term of risks versus return,” he said.
Peter McGrath, REIQ chairman agrees that Queensland’a sound economic fundamentals will help support the property market. “Population growth, low unemployment, a strong economy and increasing infrastructure have all combined to make Queensland the place to live, and this is reflected in the strength of our property market.”
McGrath believes Queensland’s regional centres are also experiencing very strong increases partly due to their affordable price tags.
Do you have more than $200k in your super fund? You could use your super to buy property - Find out how
Top Suburbs :
Get help with your investment property
Do you need help finding the right loan for your investment?
When investing in property, it is important to make sure that you not only have the lowest available rate that you can get, but also have the correct loan features for your needs.
Just fill in a few details below and we'll then arrange for a local Aussie Mortgage Broker to contact you and work out what features or types of loans are right for your needs. We'll even help with the paperwork. Plus and appointment is free.
We value your privacy and treat all your information seriously - you can check out