Ensure you never miss an issue of the
real estate business bulletin
Investors eye Brisbane market

Investors eye Brisbane market

by Reporter 0 comments

Jessica Darnbrough

Residential investment opportunities are swelling in Brisbane as clearance rates drop well below other capital cities, accounting firm Chan & Naylor has said.

According to Australian Property Monitors, only 11.8 per cent of listed properties were successfully auctioned in Brisbane over the weekend – down significantly on the previous weekend when over 30 per cent of properties were cleared.

“There is a real lack of competition among prospective buyers, which spells opportunity for investors with an eye on the longer-term,” Chan & Naylor chief executive Sal Carrero said.

“The Brisbane slump can be attributed to successive increases to interest rates, and it could be argued that affordability has hit a ceiling in this market.  Buyers are certainly more cautious.”

Mr Carrero said investors who want to add to their portfolios should consider taking advantage of the lack of competition in the market place.

This sentiment was echoed by RP Data’s national research director Tim Lawless, who told The Adviser earlier this month that Brisbane currently offers the greatest potential to investors.

According to Mr Lawless, 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.”



le>.b-autolinks{text-decoration:underline}.b-autolinkshadowbox { display: inline; position: relative; cursor: pointer; color: #428bca;} .b-autolinkshadowbox:hover > span { display: block !important; } .b-autolinkshadowbox__links { white-space: nowrap; z-index: 999; display: none; left: 0; border: 1px solid #bfbfbf; border-radius: 5px; font-size: 12px; top: 12px;color: #000; padding: 10px; position: absolute; background-color: #FFF; box-shadow: 0px 0px 20px 1px #bfbfbf; } .b-autolinkshadowbox__links > a { display: block; padding: 3px 0; }
Investors eye Brisbane market
lawyersweekly logo
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
The keys to success for a career in real estate

AREC 2018 is a two-day event held at the end of May on the Gold Coast. This annual event offers unique insights and ideas from some of the m...

View all podcasts

Would you consider working for Purplebricks or a similar 'DIY' model?

Perhaps - make me an offer
Do you have an industry update?