Property investment proves popular in Queensland
It's no secret that residential property has swiftly become the golden goose for investors in Queensland. Considering that Brisbane has the third highest capital gains in Australia recorded by CoreLogic RP Data over the last year (accelerating to second place in the month up to April!), it's understandable why so many people are deciding to pour their capital into the real estate market.
A history of strength
Investment has been a strong part of the Brisbane property landscape for many years now. In fact, property has been such a popular asset class for the state that CoreLogic reports that increases in investment finance has kept pace with people looking to buy their next home.
It looks like more and more people are learning just how integral a solid property portfolio is for enhancing wealth creation and locking in the lifestyle they are used to. Plus, with the right advice and debt reduction techniques, there's no reason you can't make this your primary source of income in retirement.
Brisbane is clearly a popular place for investors to sink their capital, with a long history of a solid environment for capital gains. However, can this popularity last? What's next on the cards for Queensland property?
A strong future
It appears that this is just the beginning of the story for investors in Queensland.
As we look ahead, it appears that this is just the beginning of the story for investors in Queensland. Home value growth has been moderating in both Sydney and Melbourne. This is likely due to people heading to greener (and less expensive) pastures, as well as the uptick in building approvals reported by the Australian Bureau of Statistics over the last few years. The fact that there is such an emphasis on improving housing supply means that most of the capital cities are likely to see real housing values stagnate or fall, according to BIS Shrapnel predictions.
That is, except for Brisbane. By June 2018, BIS Shrapnel has predicted that all capital cities except for the Queensland hub will suffer real price drops of up to 10 per cent. Pride seemingly comes before the fall for Sydney and Melbourne, but it looks like Brisbane has plenty to keep its head up about!
At Think Money, we are specialists at ensuring your Queensland property investments solutions are the right fit for your situation and goals. Get in touch to discover just how much our experts can help you!