Brisbane marked as city to watch

Brisbane marked as city to watch

by 0 comments

While most of Australia's capital cities are expected to record moderated growth in home values over the coming 12 months, Brisbane has been targeted as the city to watch.

According to RP Data's national research director Tim Lawless, Brisbane currently offers the greatest potential to investors that are looking to make the most bang for their buck.

Over the past 12 months, Brisbane has recorded moderated growth, but RP Data's national research director Tim Lawless expects this to change.

Mr Lawless told Real Estate Business that the south east corner of Queensland continues to record strong population growth and some of the nation's largest infrastructure projects are being developed in this region.

"The price gap between Brisbane and Sydney and Melbourne has widened over the last year as Melbourne and to a lesser extent, Sydney, recorded significant value gains," Mr Lawless said.

"For investors, rental yields in Brisbane remain above average and the unit market in particular provides very good value for money. The median price for a Brisbane unit is just $381,000 - the third lowest of any capital city after Hobart and Adelaide."

 

promoted content
Recommended by Spike Native Network
Listen to other installment of the Real Estate Business Podcast
reb top 100 agents 2017

With a combined sales volume of over $14 billion in 2017, the Top 100 Agents ranking represents the very best sales agents in Australia. Find out what sets them apart and learn their secrets to success.

featured podcast

featured podcast
How this agent grew his database by 50% in five years

In this episode of Secrets of the Top 100 Agents, Robert Pignataro joins host Tim Neary to explain how he increased his personal database by...

View all podcasts

Does the benefit of being part of a branded group outweigh the cost?

Yes
No
Depends on the group
Do you have an industry update?