Brisbane Property Market

Reasons why SEQ Property Market is still Growing

Brisbane Property Market

Affordable Homes

Fixed Price Turn Key Home and Land

Fixed Price Homes from $469,900

Apart from the fact that the Brisbane Property Market is still growing, you can still find very Affordable Homes in Brisbane, with prices starting as low as $369,900! And there a still a few House and Land packages available for either under $400,000, or just above $400,000.

Why would anybody want to buy a home or an Investment Property in South East Queensland? 

Well….

3 Reasons why SEQ Property Market is still Growing

  • Affordability and Stability

Brisbane and the South East Queensland region is a more accessible investment location that has demonstrated superior resilience to the weakness experienced in other parts of the Australian housing market. Historically median house prices in Brisbane have been 75-85% of Sydney. With median house prices in Sydney still over $1m ($0.9m in Melbourne) Brisbane is forecast to outperform as median house prices are currently only 60% of Sydney at $0.6m.

Average House prices on the Gold Coast grew to $655,000 in 2018 and Brisbane’s average house price hit a new high of $675,000 in 2018, up from $505,000 since 2012. Following this trend, affordability is a key reason why SEQ will continue to be a favoured Property Investment destination.

  • Migration

With migration now at highest levels since 2007, the greater Brisbane region could see growth of 30% in next 3 years and close gap difference between Sydney and Brisbane. 

Stop Renting

Are you ready to stop renting and start living in your own home?

More broadly, Queensland’s net interstate migration is improving, up from 6,000 people in 2014 to 17,430 in 2016-2017 and recently up to 24,000, between 2017 and 2018. Queensland’s annual population growth is now 83,000, up from 58,000 in 2015. Nearly 90% of Queensland’s population growth occurred in the south-east corner of the state.

Migration shifts from NSW into SEQ and Brisbane corridor is projected to inject 8.1billion dollars into these housing markets. People have been leaving NSW at a faster pace over the past few years favouring interstate migration to Queensland where house prices are half of Sydney.

Queensland has become the number-one destination for internal migration, taking over from Victoria in the latest ABS Census data, and our overseas migration is at its highest level in years, which means demand for accommodation will continue.

  • Value and Opportunity

Queensland is enjoying a steady rate of job growth.

House price growth forecast for 2018-20 shows Brisbane as a standout at 13% growth. This is conservative as the figure includes apartments, old dwellings, units and townhouses. Detached H+L is the most in demand housing type and should see higher growth.

Real Estate Gold Coast

The Brisbane Property Market still shows growth

BIS Oxford Economics suggests that while some property markets around Australia will languish, Brisbane’s housing market is likely to be the best performing property market over the next 3 years jumping 13 per cent to a median of $620,000.

Since 2007, 11 of the 12 Local Government Areas that experienced the strongest house price growth, are in South East Queensland.

SOURCE: QLD Treasury, BIS Oxford, QLD Government Statistician’s Office, CoreLogic, Real Estate Institute of Queensland Market Monitor, Domain house price report.

If you take this information in consideration, it only makes sense that you want to invest in Real Estate Brisbane (Greater Brisbane area)

To find your ideal Investment property or your ideal Home, please complete the form below so that one of our friendly team members can get in touch with you to find out what your requirements are.

 

Why Invest in Real Estate Brisbane?

Real Estate Brisbane

What is so great about South East Queensland?

Buy Real Estate Australia

Find your Ideal Home NOW

Why is it such a good time to invest in South East Queensland at the moment?

Well, take a look at the Brisbane property market performance at the moment.

Brisbane

Brisbane’s stable property market performance is on display once more as we approach the middle of 2019.

And that is only one reason why Real Estate Brisbane is so popular at the moment. That is, we not only refer to Brisbane city, but rather to Greater Brisbane.

Real Estate Brisbane

The demand for Real Estate Brisbane is growing by the day

One of the key indicators well worth watching, is Queensland’s net interstate migration number. Historically when this figure is on the rise, Brisbane house prices get a boost. At the Brisbane Property Market growth peak in 2003, there were over 40,000 extra residents joining the Queensland ranks from other states and territories, (Australian Financial Review)

That figure plummeted post- GFC. The silver lining is that we’re now well and truly tracking on an upward curve after coming off this low base. There is no doubt that many of these buyers are affordability migrants – those now priced out of Sydney’s real estate market who are keen on relocating to QLD and enjoying the lifestyle. Best of all, many are selling up their Harbour City assets and buying here, mortgage free, in Queensland and with a big chunk of change left over. Recent growth increased interstate migration to 17,500 new residents in 2017 and 24,000 in 2018 (Matusik).

Gold Coast

The Gold Coast property market has experienced strong property growth over the past years. According to a new CoreLogic report, the Gold Coast recorded the second highest property value growth across regional Queensland in the last financial year.

Real Estate Gold Coast

Real Estate Gold Coast still in demand

With experts predicting the only way for the Gold Coast property market to go is up, some of the main Gold Coast property market drivers are population growth, increased job opportunities and the low Australian dollar have all contributed to a better performing Gold Coast property market. Major developments on the Gold Coast have been transforming the city into what people are referring to as – Australia’s most beautiful city. With a large number of new construction and infrastructure projects, there’s been a higher number of job opportunities becoming available. This helps drives demand and many are moving in to take advantage of the great Gold Coast lifestyle and new job opportunities.

With higher demand, rental prices have been going up leaving many first home buyers looking for ways to get into the property market by taking advantage of the $15,000 Queensland first home owners grant and record low interest rates. Many home buyers are buying off the plan in new estates and developments. This has helped to increase the demand for more construction jobs and increased property prices.

Brisbane Western Suburbs

Ipswich

The western growth corridor out through Ipswich is attracting its fair share of affordability driven buyers looking for growing infrastructure appeal to help boost their property values.

Ipswich itself has cranked up its cool factor over the past few years, so expect its current popularity to continue.

Brisbane Northern Suburbs

Find a new home

Find your ideal home

Similarly, the Northern zones out to Redland remain desirable for those seeking established housing for the longer term.

In the Moreton region, upgrades to transport infrastructure and a rise in the availability of essential services and facilities bode well. In this area, supply isn’t an issue and 2019 will again be a year of growth in these suburbs.

Brisbane Southern Suburbs

Logan areas

Buy Real Estate Australia

Find your Ideal Home NOW

Logan sits at the heart of the Southern Brisbane – Gold Coast corridor,

one of SEQ’s strongest growth regions, delivering strong population, employment and expansive investment opportunities.

The City of Logan is just 30 minutes from the Brisbane CBD and 35 minutes from the Gold Coast. Logan LGA has the second fastest projected annual population growth in South East Queensland from 2016-2036 at 2.3%. Logan LGA population projection for 2016 is 313,785 and projected to grow to 500,881 by 2036.

The City of Logan is uniquely located to access the best that South East Queensland has to offer. This established city’s residential neighbourhoods continue to flourish giving locals a wide range of lifestyle options with older suburbs being revitalised through urban and community renewal projects.

The city looks to the future with strong investment into emerging industries such as transport and logistics, manufacturing, health care and education.

SOURCE: Projected population (medium series), by local government area, Queensland, 2016-2041. URBIS Logan Report 2017

Middle Ring Brisbane Suburbs

Stepping a little further out, the mid-ring of housing from 6 to 20 kilometers from the CBD, this sector is expected to remain positive with similar characteristics of firm demand and limited stock listed for sale. Expect upward gains during the rest of 2019 again.

Outer Brisbane Suburbs

In the outer fringe supply is good so prices have remained relatively stable. In fact, most master-planned community projects have seen good demand for vacant land this year as affordability investors look to build their dream homes or decent yielding investment properties with depreciation benefits.

Interested in any Real Estate Brisbane?

Then please complete the form below so that one of our friendly team members can get in touch with you to find out where you would like to buy a home.

Buy Real Estate Australia

Brisbane Real Estate is in average more affordable