Brisbane is set to explode!
And we’re not just talking about its population.
Brisbane is set for the biggest rise in house prices of any capital city over the next three years, with experts predicting at least a 20% jump in prices!
How Did This Happen?
In the last few months, the media have been quick to report that Australia’s property markets are headed for the edge of a cliff.
With property prices falling dramatically in Sydney and Melbourne, property ”experts” and ”gurus” everywhere were claiming that the worst was yet to come.
But as millions of dollars were wiped from these markets, one capital city remained seemingly immune.
Brisbane weathered the storm and defied all the odds. In fact, figures released in May showed that the Sunshine State’s capital only lost 1.2% in value, with many property commentators claiming it was poised for resurgence.
And since these statistics were reported, things have only improved.
In the last few months, buyer sentiment across Australia has slowly begun to pick up.
And in light of the 2019 Federal Election, two successive interest rate cuts, and the bank regulator’s move to allow home buyers who can get finance to borrow more money, it’s not hard to see why.
Lower interest rates mean that marginal borrowers may now find it easier to get a loan.
The Coalition’s victory has seen buyer sentiment increase dramatically, even immediately, after the results were announced.
The Australian Prudential Regulation Authority’s decision to take the brakes off our struggling mortgage industry will allow everyday Aussies to borrow more for property.
All of these factors combine to give a much-needed boost to our property markets.
But Why Brisbane Specifically?
Detailed below is the forecast median house price growth for Australian capital cities over the next three years:
| % Growth 2019 to 2022 | % Change – previous peak to 2022 forecast | |
| Sydney | 6 | -13 |
| Melbourne | 7 | -10 |
| Brisbane | 20 | 17 |
| Adelaide | 11 | 11 |
| Perth | 7 | -10 |
| Hobart | 4 | 4 |
| Darwin | 7 | -14 |
| Canberra | 10 | 9 |
Source: Domain
Here at Adpen, we’re constantly sharing articles and news stories about Brisbane being the place to invest.
In addition to its affordability, convenience and loads of amenity, Queensland is proving to be the most popular destination for interstate migration. In amongst the tens of thousands of people moving to the Sunshine State are buyers looking to purchase and invest in our stable market.
What Does This Mean For You?
If you want to build serious wealth through property, now is the time to start investing in Brisbane.
Spend some time working out what you can actually afford. Speak to a finance broker or a bank and lay all your cards on the table.
Once you know what you can afford, do some market research and find areas where you can buy a property you like for the price you’re able to pay. Become an expert on the area, go to open houses and read everything you can about your preferred location. Once you’ve found the right property, you’ll know you’ve found a winner.
Remember… you make your money when you buy, not when you sell.
If you are looking to invest in a high-quality Brisbane property, contact Adpen today to discuss some of the exciting opportunities we have on the market.
