Wednesday, September 08, 2010
   
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Living and Investing in Brisbane

The lure of relatively affordable good quality Brisbane real estate and the rest of Queensland's South East has meant an influx of buyers.

There are three key trends which continue to fuel the growth in investment real estate: the ageing population; new housing preferences; and migration from interstate and overseas. These factors have seen house prices rise faster than at any time in Queensland's history.

Mr Peter McGrath, Chairman of the Real Estate Institute of Queensland  said with median house prices now above $400,000, many first home buyers in Brisbane, and the Gold and Sunshine coasts, are increasingly being priced out of the market. One of their best options is buy a unit or townhouse instead, he said.

Using information from RP Data, the Matusik Report states that an analysis of sales of existing residential house resales across urban Queensland, and without any major renovation between sales showed an 8% lift in values over 2008. For the owners who bought a few years ago the growth was much higher, averaging 12% per annoum.

 

Real Estate in Brisbane for Investors

Real Estate Institute of Queensland (REIQ) President, Mr Mark Brimble says investors remain the biggest influence on growth, accounting for up to 50% of all sales in some suburbs.

"Properties which offer golf course frontage or lake frontage have been attracting good demand, particularly within the large planned community estates around Brisbane.

Where to buy Real Estate in Brisbane

Money Magazine, in a recent survey, advised buyers to investigate property in suburbs adjacent to top performers. While past performance does not guarantee future growth, it highlights the characteristics that support high demand and above average capital growth.

Real Estate Brisbane - A Positive Future

Michael Matusik, an Australian Analyst stated to Money Magazine that the southeast Queensland market would remain strong for some time thanks to a shortage of dwellings in the area.

"Despite an increase in new supply over the study period, the rapid lift in population growth across Brisbane sees the city under supplied by around 10 per cent," he said.

In actual fact it has been difficult to find anyone who doesn't have positive things to say about the Brisbane property market. BIS Shrapnel predicts a 36 per cent rise in Brisbane house prices over the next three years.

To view the properties Realistic Property have available in the South East of Queensland, click here.

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