Real Estate Brisbane
What is so great about South East Queensland?
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’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.
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).
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.
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
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
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 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 is 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 neighborhoods continue to flourish giving locals a wide range of lifestyle options with older suburbs being revitalized 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.
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