brisbane property

If you’ve been considering investing in Brisbane property, now is a good time to do so. Brisbane’s property market is currently enjoying solid growth, with house prices rising in the city’s prime inner-ring areas and the suburbs surrounding the river. While there is still a lot of room for improvement, property prices are indicating a more positive future. Despite the slowdown, the Brisbane market has beaten expectations.

Although major projects haven’t fully kicked in yet, there is a healthy job market and an increasing number of interstate migrants. With these factors, investors are looking for property in Brisbane that offers strong capital growth and rental yields. Besides, Brisbane’s population growth is ramping up compared to the last five years, which should lead to further positive changes for the property market. But there are a few caveats when it comes to investing in Brisbane property.

The booming Brisbane property market is driven by low supply and strong demand. While the recent flood event has brought some uncertainty to the market, it is likely to continue to boost prices for years to come. This is particularly true in the near future. Meanwhile, the upcoming federal election will only further enhance the city’s property market. The recent budget announcements will likely be beneficial for Brisbane real estate. And, a rapid recovery in the economy will likely keep demand for properties high.

Despite the recent floods, Brisbane property values have recovered from the impact of the 2011 disaster. While the floods caused an overall downturn in property values, most suburbs recovered within three to five years. And property values in riverside precincts have retained their premium levels. The largest difference between 2011 and 2022 is the amount of time between extreme weather events. Before the flooding of 2011, Brisbane’s property market had not suffered major flooding since 1974. Flooding of this scale was considered once in a hundred-year event.

In addition to the Olympics, the redevelopment of the Gabba, the main stadium for the 2032 Summer Olympics, will also boost the property market. While the Olympics have always been a huge event for the city, the Olympics in 2032 will require a much lower investment than in previous years. The Olympics will also emphasize sustainable development and economic stability, so this is good news for Brisbane property investors. So, when buying Brisbane property, consider the following factors:

While Brisbane is Australia’s third-largest city, the city’s housing market has not yet reached its peak. The population is aging and the locals don’t want the features that are available in Sydney and Melbourne. Affordability and demographics are the two most important factors in the Brisbane property market. Consider buying in areas where local income is increasing faster than the national average, as locals will be able to afford higher prices.

The Brisbane property market is set to have a healthy start in 2019. Rising population, improved infrastructure, and a decreasing unemployment rate make the city a good choice for property investors. Despite its affordability, Brisbane house prices are still significantly lower than those of other eastern capitals. By 2021, the median house price is set to increase by 13%. And as long as the market continues to grow, it should be a great time to buy.

With the median price of $792,065, Brisbane has seen its highest quarterly rise in over 20 years. The median price of a unit in Brisbane rose by 2.5% quarterly and 3.5% annually – the first quarterly and annual rises in almost 18 years. Low interest rates, COVID case numbers, and affordability are attributed to the price increase. If you’re considering buying a property in Brisbane, now’s the time to get in before the prices continue rising.

The city itself is vast. It spans from Caboolture in the north to Beenleigh in the south, and as far west as Ipswich in the west. The city’s suburbs are largely hilly, with prominent rises such as Mt Coot-tha, Toohey Mountain, and Highgate Hill. The city’s Central Business District is well-laid out but can still be tricky to navigate.