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The
Propertybuyer

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

 
Fri 24 May '24 with Rich Harvey Granny Flats: Boost Your Yields & Faster Mortgage Repayments
 
 
Fri 3 May '24 with Rich Harvey Unpacking the Northern Beaches with Incredible Agents
 
 
Fri 29 Mar '24 with Rich Harvey How to build a $7 Million Property Portfolio from scratch
 
 
Sat 16 Mar '24 with Rich Harvey Why Invest in Melbourne?
 
 
Mon 26 Feb '24 with Rich Harvey Sydney’s Inner West – Hotspots and Outlook for 2024
 
 
Mon 12 Feb '24 with Rich Harvey Decoding Sydney’s North Shore Market – Outlook and Opportunities.
 

 

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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

 
Fri 24 May '24
with Rich Harvey
Granny Flats: Boost Your Yields & Faster Mortgage Repayments
 
 
Fri 3 May '24
with Rich Harvey
Unpacking the Northern Beaches with Incredible Agents
 
 
Fri 29 Mar '24
with Rich Harvey
How to build a $7 Million Property Portfolio from scratch
 
 
Sat 16 Mar '24
with Rich Harvey
Why Invest in Melbourne?
 
 
Mon 26 Feb '24
with Rich Harvey
Sydney’s Inner West – Hotspots and Outlook for 2024
 
 
Mon 12 Feb '24
with Rich Harvey
Decoding Sydney’s North Shore Market – Outlook and Opportunities.
 

 

Listen to many more
podcasts on our
Podcasts page.