FIND YOUR LOCAL BUYERS' ADVOCATE:
    TALKS & PODCAST           CALL US CALL US
1300 655 615
 
 

The
Propertybuyer

Podcast

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.
 

 

Listen to many more
podcasts on our
Podcasts page.

 
 
 

Propertybuyer Blog
Property advice, market updates & more

 

Why are buyers basking in Brisbane?

March 26, 2015 / Written by Rich Harvey

 

By Rich Harvey, CEO, propertybuyer.com.au

We've delved into discussion about investment property in Brisbane before, noting how it was looking like a good 2015 for the Queensland capital. Now we're a few months into the year, and those predictions are already bearing fruit. New reports are showing that parts of Brisbane are very fertile ground for property purchasers, and if certain changes are made, it could be even easier to access the market. 

Brisbane: The buyers' market

When you're buying Australian investment property, you want a buyers' market. It lets you secure property at a more affordable price, and if you get the right area with the help of a buyers' agent, that investment seed can blossom into huge capital gains. 

The Commonwealth Bank-CoreLogic Home Buyers Index (HBI) for January this year has been released, and it highlights some fantastic results across Brisbane. On a scale of one to five, one being an extreme buyers market and five being the same for sellers, Queensland scored a two - bested only by Tasmania. 

Brisbane. Hobart and Darwin are all neck and neck as the strongest capital city buyers' markets in the country, which means you have more power at the negotiating table. Of course, that isn't always enough. I recommend getting someone with expertise in buying real estate on your side to seal the deal, like a professional buyers' agent

The perfect storm

The HBI indicated that inner Brisbane has improved since October last year, moving even further in favour of buyers. Nearby Ipswich and Logan were also highlighted as buyers markets as well, and most crucially, I think these areas still have a lot of growth left in them. 

RP Data CoreLogic's Monthly Indices show that Brisbane house prices rose by 5.91 per cent over the 12 months to the end of February - second only to Sydney and Melbourne, which are identified by the HBI as sellers markets. Clearly supply, affordability and growth are coming together nicely for the Sunshine State's capital. It's the perfect storm of conditions for you to capitalise on and get some great investment property in Brisbane.

But just because the seas are smooth for sailing doesn't mean you're an expert navigator all of a sudden. To get the most out of a buyers' market you need to pick specific suburbs primed for growth, and get a property with the right rental yields to help you pay off a mortgage. It's in negotiating these details and getting your purchase just right that you will likely need a professional buyers' agent. 

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.