Are there still Affordable Homes Available?

Affordable Homes

What is actually considered as affordable homes?

Well…. it basically depends on what your situation is….it mainly depends on your income and expenses and what you as an individual can afford. What is affordable for one person, may not be affordable for the next person. 

Another factor to keep in mind when searching for more affordable homes, is the area that you are looking to buy. Each area comes with it’s own price tag. 

Brisbane at the moment, offers quite a number of affordable homes and we can most certainly offer you a few good options if you are looking to buy a new house. Click HERE to find out more….

Why may it be a good idea right now, to buy a new house in greater Brisbane?

Are there still Affordable Homes Available?

Statistics showed that the cost of leasing a unit became 2,6 % more expensive. And weekly house rents climbed as well last year. This may be only the start….

New House

Now may be a good time to buy a new house in South East Queensland

Read more about this below in an article published by the Courier Mail….

“BRISBANE’S housing market is slowly giving the keys back to landlords, with new figures revealing the city recorded its strongest annual rise in rents in three years.

After months of flat growth in rental properties, analysis of the latest CoreLogic data by realestate.com.au shows house rents increased 2.4 per cent in 2018, while the cost of leasing a unit became 2.6 per cent more expensive.

Industry experts say the data shows now is the time to buy in the Brisbane market.

Realestate.com.au chief economist Nerida Conisbee said the only way was up for rents in the city from here on, as underlying demand in the Brisbane market began to absorb rental supply, putting upward pressure on rents.

“Now is actually a good time to look to buy because we are looking to see further increases in rental levels,” Ms Conisbee said.

“The reason being we have fewer new developments going ahead and also fewer investors in the market.”

Ms Conisbee said a change of government at this year’s federal election would prompt a further drawback in investor activity, with Labor planning to overhaul negative gearing and capital gains tax concessions.

“Queensland is also attracting a lot of people, so there’s going to be more homes needed,” she said.”

The state’s improving economy, relative housing affordability and rising job prospects would further entice investors to head north, Ms Conisbee said.

Weekly house rents in Brisbane climbed to $420 last year after dropping 2.3 per cent in 2017.

They rose the previous year, but only minimally.

Unit rents rose to $390 a week after dropping 3.8 per cent in 2017 and 1.3 per cent the year prior.

Rental yields are also improving for both houses and units.

The Brisbane suburb with the highest median weekly rent is Teneriffe at $813, followed by Pullenvale at $778 and New Farm at $775.”

You can read the full article HERE

New House

If you are looking to buy a new house, feel free to contact us on 0428 042 555 or simply complete the form below.

 

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