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Brisbane Property Outlook

Posted by Mark Mendel in Brisbane Property News on 11 23rd, 2010

Where is the Brisbane property market heading in 2011? It is a question that many seem to be asking as the Brisbane market through 2010 continued to underperform. The Brisbane property market is doing it very tough at the moment with many interested in the market but not many making a commitment to purchase. Interest on new projects has been strong in the inner city regions and rightfully so as the market will start to dominate towards the end of next year however in the mean time everyone seems to be sitting on their hands.

The interstate interest in the Brisbane property outlook  is strong and says allot about the future outlook, but until the locals start buying, the market will continue to move sideways.

The Brisbane property outlook still has all the right fundamentals to make it an attractive location to invest in. There is continually strong population growth, as well as a state economy that continues to outperform many of the other states. There has been large amounts of infrastructure spend and more to come over the following years all throughout Brisbane and Queensland and population growth is above the national average. As the mining boom continues, Brisbane and the whole of Queensland are well placed to take advantage of overseas investment. They are also well located within Australia to become a major trading hub for the Asian markets.

Average capital growth over the last 10 years has been well above 10% however in recent times growth has been slow with only 0.4% capital growth in the latest quarter and 2.1% over the last 12 months. This is the third slowest capital growth over the last year only ahead of Hobart and Perth. Although Perth and Hobart capital growth stats are unlikely to change any time soon, we are predicting large movement in Brisbane property prices over the next 12 – 36 months. Those thinking about investing in Brisbane property market, whether it is a Brisbane off the plan apartment or a Queensland house and land package in a major regional growth centre, property investors should be buying in 2011 and not waiting for the mad rush in 2012 when prices have already started to increase.

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New Farm Peninsula Property Market Review

Posted by Mark Mendel in Brisbane Property News on 11 4th, 2010

New Farm is an inner city suburb in Brisbane located only 2km east of the Brisbane CBD. It is situated along the banks of the Brisbane River. It is surrounded by the Brisbane River as well as suburbs such as Fortitude Valley, Newstead and Teneriffe.

The inner City regions surrounding the Brisbane city have flourished in recent times with the continued demand for medium and high density residential development. The recent South East Queensland Regional Plan (SEQRP) has forecast a demand for 158,000 new dwellings to be delivered to Brisbane by 2031. This is equivalent to delivering over 70 ten storey towers per year for the next 20 years to meet demand. This confirms the underlying demand for residential apartments in the inner city suburbs exists today and will continue to exist in the future.

Brisbane’s Inner Northern suburbs have outperformed other surrounding fringe city suburbs as it is now Brisbane’s fastest growing corridor.

The New Farm Peninsula is also one of the strongest in the market at the moment for rentals with 57% of the units in the area rented. There are very low vacancy rates of 2.8% in the area. This combined with continued capital growth of on average 10% per year means that the New Farm Peninsula provides a strong indication of a good investment property location in Brisbane. This is supported by rentals in the area increasing by 12.8% in the year to June 2010.

New Infrastructure developments and upgrades have enhanced the integration of Brisbane suburbs providing both employment nodes and efficient transport nodes for Brisbane City residents. In the 09/10 financial year, Brisbane City Council committed over $1.53 Billion in new infrastructure including roads, transport and other capital works.
Inner City Brisbane suburbs are a must to consider if you are looking for a quality new apartment investment in Brisbane. For those that are looking north east of the city, you should consider the New Farm Peninsula including suburbs such as New Farm, Newstead and Teneriffe.

If you are looking to invest in Teneriffe, visit Find Investment Property to find out more about a new apartment development called The Hyde.

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Brisbane residents embrace apartment living

Posted by Mark Mendel in Brisbane Property News on 08 19th, 2010

Michael Matusik has declared recently that more and more Brisbane residents are taking up the opportunity to live in apartments rather than homes. He states there has been an increase of 25% in inner city owner in the last 5 years. Most recently noting that over the last 12 months 50% of all apartment buyers in the inner city of Brisbane have been owner occupiers and not property investors.

The Brisbane property market has been very slow of late or so it seems as Tim Lawless from RP Data indicates that the apartment market is still performing very well compared to the housing market. Lawless claimed that the apartment market climbed 7.9% over the last 12 months which is fantastic growth in what seems a very slow market.

Lawless claims Brisbane to be the second most affordable city for apartments and expects further growth to come.

While owner-occupiers are dominating the market at the moment, Mr Matusik said as the trend moves towards increasing yields and smaller apartments, more investors will re-enter the market in the next couple of years.

“We foresee this will result in an undersupply in the market for spacious new apartments over the coming years,” he said.

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Buying a new apartment in Brisbane

Posted by Mark Mendel in Brisbane Property News on 08 19th, 2010

Developers and investors are turning the heads to Brisbane CBD and middle ring suburbs when it comes to looking for a new apartment in Brisbane. For more details on what new apartments are available in Brisbane, please visit Find Investment Property.

Brisbane new apartments in 2010 and beyond
Brisbane’s new apartment market has provided stable returns for property investors in recent times due to a number of critical factors that property investors should be considering when they make the decision to buy investment property. Now the market looks to be turning even more.

Rents look set to continue to rise in Brisbane as a number of new projects that were meant to become available have now been binned – a somewhat rare occurrence which most likely will stir up activity and investor demand.

Like any real estate investment, locating and purchasing the right property in the right suburb requires careful consideration and research. Buyers should look for suburbs that have strong positive attributes. For example overall appeal, good public transport, good schools, shops, close to arterials and above all, invest in areas that are consistently showing a growth in population.

Brisbane’s population has also been increasing at one of the fastest rates of all the capital cities leading to an increase in the demand for housing.

So for more information and to see what new apartments in Brisbane are available, please visit Find Investment Property.

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