Brisbane investors to enjoy strong yields

Brisbane investors to enjoy strong yields

17 May 2011 by Staff Reporter 0 comments

Staff Reporter

Pent up rental demand in Brisbane could spark a surge in investor sales, according to PRDnationwide.

Josh Brown, PRDnationwide research analyst said looking forward, investors capable of purchasing a well-placed property will begin to enjoy stronger yields.

Mr Brown’s remarks come on the back of the PRDnationwide Brisbane Highlight Report, which indicates the property market will remain stable at least for the remainder of 2011 with provisions for further gradual price corrections.

Brisbane had a slow year for property price growth in 2010, at 3.6 per cent, while sales activity had dropped to its lowest level in a decade.

Meanwhile, rental rates have increased by a similar amount.

“This figure is in lieu of the low level of active buyers in the housing market and the high number of displaced residents following the January floods,” Mr Brown said.

Staff Reporter

Pent up rental demand in Brisbane could spark a surge in investor sales, according to PRDnationwide.

Josh Brown, PRDnationwide research analyst said looking forward, investors capable of purchasing a well-placed property will begin to enjoy stronger yields.

Mr Brown’s remarks come on the back of the PRDnationwide Brisbane Highlight Report, which indicates the property market will remain stable at least for the remainder of 2011 with provisions for further gradual price corrections.

Brisbane had a slow year for property price growth in 2010, at 3.6 per cent, while sales activity had dropped to its lowest level in a decade.

Meanwhile, rental rates have increased by a similar amount.

“This figure is in lieu of the low level of active buyers in the housing market and the high number of displaced residents following the January floods,” Mr Brown said.

promoted content
Recommended by Spike Native Network
Listen to other installment of the Real Estate Business Podcast
reb top 100 agents 2016

With a combined sales volume of $13 billion in 2016, 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
William Phillips on how agents can expand their database and grow their business

In this episode of Secrets of the Top 100 Agents, host Tim Neary is joined again by William Phillips to discuss the real estate database and...

View all podcasts

Are dodgy agents being punished enough?

Yes (8.6%)
No (55%)
Only in some states (2.3%)
Not all dodgy agents are being found out (34.1%)

Total votes: 220
The voting for this poll has ended on: April 15, 2017
upcoming events
REB Awards
Sydney The Event Centre 12 Sep
REB Awards
Sydney The Event Centre 12 Sep
Melbourne The Event Centre 14 Oct
Brisbane The Event Centre 18 Dec
View all events
Do you have an industry update?