ULTIMATE OPULENCE NEVER TO BE REPEATED PRICES

Brisbane’s apartment market is correcting faster than predicted

Apartment sales within inner Brisbane were at a relatively steady volume and average sale price of new units at an all time high.

Source – Urbis, Domain- September 2017.

BRISBANE INVEST have access to four premium inner city apartments to sell at less than replacement costs. They are located in the thriving Fortitude Valley precinct cultural heart of Brisbane.

 

BRISBANE HOUSING GROWTH RATE TO DOUBLE NEXT YEAR TO MIRROR SYDNEY

BRISBANE’S dwelling price growth is expected to mirror that of Sydney next year, with new forecasts seeing the city more than double its pace to a high of 7 per cent.

The projections came off the latest SQM Boom & Bust Report, released Thursday, which also dispelled fears of a property crash in Sydney and Melbourne.

Terry Ryder of Hotspotting also noted that the Brisbane property market was attracting growing interest from investors disenchanted by the prices and yields in Sydney and Melbourne.

SOUTH EAST QUEENSLAND HIGH ON THE RADAR!

Brisbane Invest has enjoyed a very busy start to the financial year with many people from the southern states deciding on long term investment property investment in Brisbane.

Our strategy is simple- we have relationships with well-established developers and builders and we are very selective about the properties we introduce our clients to. SEQ is high on the radar for many people looking for an affordable investment and Brisbane Invest assist by providing quality information to assist our clients to make their decisions.

HAPPY NEW YEAR 2017!

We hope that 2017 provides you with much success and happiness. Congratulations again to those of you who have already acted and invested in Brisbane property

Brisbane City has had an exciting start to 2017 with the first stages of Queens Wharf project now underway. This project will provide a massive boost to the Queensland economy and once complete it will cement Brisbane’s position as a new world city. READ ARTICLE

OCTOBER UPDATE

Firstly we would like to thank all our clients who have taken time to visit Brisbane and allowed us to help provide them with an understanding of the best areas to invest. Also we congratulate those who have decided to act on this advice.

October was another extremely busy month with over 20 sales recorded in the Greater Springfield area alone. Many of our clients have been amazed at how well the planning of greater Springfield is making it such a great place to live learn work and play and we thought you may be interested in this recent article that showcases the latest chapter in this incredible story. READ ARTICLE

QUEENSLAND’S ECONOMIC POWERHOUSE

SOUTH EAST QUEENSLAND: Comprising eleven separate local governments and boasting unparalleled diversity, the region of South East Queensland (SEQ) is emerging as the nation’s new economic powerhouse – a master planned city.

Comparable in size to Greater Sydney, South East Queensland spans over 241 km of Australian eastern seaboard, extending more than 140 km inland to some of Australia’s most fertile agricultural land, allowing for a number of locational, economic and social advantages, both within Australia and internationally.

BIS SHAPNEL’S STATE-BY-STATE FORECAST

Melbourne

Home buyer activity and prices growth have moved from the higher-value inner and middle-ring suburbs to the outer suburbs.

New dwelling construction – particularly apartments – continue to rise, but in particular inner-city pockets and the CBD, rather than across the city.

Median house prices are forecast to fall by 1 per cent by June 2019 – after a minimal 2 per cent rise in 2016-17 and a three per cent fall in the following two years.

Emerging oversupply means the median unit price is expected to fall by 8 per cent in the three years.

IN 20 YEARS HOUSES WILL STILL BE EXPENSIVE…

Author and property investment adviser Niro Thambipillay says those waiting for a bubble to burst should not hold their breath. “With Australia’s growing population, especially in Sydney, Melbourne, Perth and Brisbane, prices will be higher,” he said. “These cities will also become extremely apartment dominated, similar to New York with fewer people living in houses.”

Mr Thambipillay also said there would be no US-style property crash in Australia either. “This is mainly because of the growing population and the fact that Australian mortgages are also generally full-recourse, which means homeowners can’t just walk away and hand back the keys as lenders will chase them and borrowers must pay costs unlike in the US,” he said. “So although there will be periods of flat growth in our major centres, over the next 20 years, you’ll see prices be at least 50 per cent higher than what they are today, if not closer to double.”