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The
Propertybuyer

Podcast

Hear the latest weekly insights into the property market via podcast by Rich Harvey, CEO and founder of Propertybuyer.

 
Wed 22 Nov '23 with Rich Harvey Using Data & AI for Better Property Decisions
 
 
Thu 7 Sep '23 with Rich Harvey Northern Beaches Real Estate Outlook & Industry Trends
 
 
Thu 20 Jul '23 with Rich Harvey How Sales Agents Think
 
 
Thu 15 Jun '23 with Rich Harvey Auctions – The Inside Scoop
 
 
Fri 9 Jun '23 with Rich Harvey Financing Innovation & Building a Property Portfolio
 
 
Thu 25 May '23 with Amanda Jones Melbourne Property Insights
 

 

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Brisbane market moves from rentals to sales

February 3, 2014 / Written by Rich Harvey

 

By Rich Harvey, CEO, propertybuyer.com.au

While its rental market is beginning to falter, house sales are on the rise in Queensland, making now an ideal time for Brisbane property investment.

According to a recent press release from the Real Estate Institute of Queensland (REIQ), the majority of the state experienced higher vacancy rates during December 2013 when compared to the past three months.

"Over the past few years, it has been the rental sector which has been the better-performing segment of the market," said REIQ Chairman Rob Honeycombe.

"Now while the sales market returns to healthy levels of activity after a period of subdued volumes, the rental market is experiencing a slight easing of vacancy rates after a long period of tight rental conditions."

The organisation went on to state that in the Brisbane City local government area, the vacancy rate reached 3.2 per cent at the end of December, up from 2.3 per cent during September. While a vacancy rate of around 3 per cent is designated as representing healthy levels of supply and demand, it's clear that the trend at the moment is toward more vacancies.

Meanwhile, a separate report from Australian Property Monitors (APM) shows that the median house price is set to have increased up to 5 per cent in Brisbane throughout 2013 - the best annual result since 2010.

APM Senior Economist Dr Andrew Wilson stated in the report that the Brisbane housing market will "continue to move solidly though recovery mode in 2014 as the Queensland economy reactivates through a lower dollar environment".

These figures would seem to indicate that the smart move for Queensland investment property at the moment is outside the rental sector, making detached house sales a safer bet for those considering Brisbane property investment.

The Propertybuyer
Podcast

 
Wed 22 Nov '23
with Rich Harvey
Using Data & AI for Better Property Decisions
 
 
Thu 7 Sep '23
with Rich Harvey
Northern Beaches Real Estate Outlook & Industry Trends
 
 
Thu 20 Jul '23
with Rich Harvey
How Sales Agents Think
 
 
Thu 15 Jun '23
with Rich Harvey
Auctions – The Inside Scoop
 
 
Fri 9 Jun '23
with Rich Harvey
Financing Innovation & Building a Property Portfolio
 
 
Thu 25 May '23
with Amanda Jones
Melbourne Property Insights
 

 

Listen to many more
podcasts on our
Podcasts page.