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Brisbane better Value & Capital Growth potential than Sydney

Posted in Updates @ Feb 8th 2014 10:27am - By Garry Larden

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The strongest Australian East Coast Property Market over the next three years is likely to be South-East Queensland as all of the indicators are in place, plus this view is supported by a range of industry figures and property analysts.  

Real Estate prices in Brisbane and the Gold Coast are still below pre-GFC levels, while Sydney is about 10% above, so there is a greater likelihood of better capital growth in the sunshine state over the next few years. 

The median house price in Brisbane and the Gold Coast is so much cheaper than Sydney and people looking for value who have been forced out of southern markets, plus astute investors looking to build their portfolios are already starting to take advantage of the investment opportunities there.

The median house price in Brisbane is $470,000 whereas Sydney is $775,000 and Brisbane’s median apartment price is $383,000 compared to $557,000 in Sydney, and those figures say it all. 

Brisbane house prices are up 5.3% and apartment prices up 3.5% plus RP Data also provides joint Brisbane-Gold Coast data showing 4.9% growth in house prices and 2% in apartments. 

All of the indicators are in line with the strongest market over the next three years likely to be South-East Queensland and in particular a radius within a 2 hour drive of Brisbane’s City Centre which has strong growth prospects as Brisbane blossoms into a seriously mature City and business hub.  

We’re just at the beginning of the recovery with quite a way to go but the smart investors are already circling and taking advantage, so it won’t take too long before everyone else catches on.

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