Real estate is guaranteed to generate sensational headlines, and you don’t have to look too far to find them. One day we are told that real estate is booming, the next experts are predicting falls of up to 40%.
The problem is that most media commentary is focused on the Australian property market as a whole. We’re being told that “the worst is yet to come”, or that the property market is a “ticking time bomb”.
That may be true in some cities, but it’s rarely true for the entire nation at the exact same time. Australia is a large continent and the reality is that there’s no such thing as a single property market – there are hundreds of markets all running their own races.
If you are serious about investing in property, the Brisbane property market is the best place for you to invest. To that end, I’ve compiled some data to show you some of the exciting things you can expect as a Brisbane investor.
- CoreLogic data shows us that Australian home prices have fallen 2.7% over the past year. This largely reflects weaknesses in Sydney and Melbourne, Australia’s largest and most expensive housing markets
- Brisbane was the only major state capital to see home values grow last month, jumping 0.1% last month and leading at 0.8% annually
- ANZ Bank economists expect Brisbane home prices to rise modestly over the next two years. This is due to accelerating population growth and concerns around unit oversupply diminishing
- Queensland has become the most popular state for interstate migration, with 24,000 new residents for the year to March 2018
What does this mean for you?
Don’t get caught up in the media commentary if you’re serious about property investment. Headlines about booms can lure you into traps. Doom and gloom scenarios can scare you from missing out on a good opportunity.
Your first task is to find out what you can actually afford, which means talking to a finance broker or a bank and laying all your cards on the table.
Once you know what you can afford, you need to 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.
You make your money when you buy, not when you sell.
This rings true for property investing.
I’m not troubled by the negative comments about property that are circulating at the moment. Don’t believe the doom and gloom – buy a quality, well-located property and you’re sure to see returns on your investment.
If you are looking to invest in a high-quality Brisbane property, contact Adpen today to discuss some of the exciting opportunities they have on the market.