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.