Why you should absolutely consider Brisbane property investment
There was recent news in the Sydney Morning Herald from Andrew Wilson of the Domain Group that showed the Sydney market is still growing effervescently. In fact, the term he used to describe it was 'hyperdrive', with a 14 per cent bump in house prices through 2014.
So clearly, it is only going to get more difficult in the Harbour City to find the right investment property in the near future. And if you are going to do so, you should make sure you enlist the services of a buyers' agent to give yourself a fighting chance. But in the meantime, it is a good idea to look at Brisbane. I think it is primed for a good 2015, and here is why.
Strong business investment
In the Commsec State of the States report for the final quarter of last year, Queensland sat in the middle of the pack. But where it shone through was business investment, which bodes well for future economic growth in the capital.
Similarly, the Dexus Quarterly Real Estate Review identified Brisbane as somewhere that had improving business conditions, despite some subdued confidence. A key theme for the coming year was that residential strength would see a decline in office stock, which should steady the market.
So overall, Brisbane looks to be open for business - and also steady as she goes.
Fantastic rental yields
When you make an Australian property investment, getting positively geared real estate is a huge bonus. You may miss some tax breaks, but it is an excellent way to supplement income and offset mortgage payments. To do this, you will want the best rental yields you can get. And at the moment, some of the highest yields are found in - you guessed it - Brisbane.
The Domain Group Rental Report for the December quarter shows that the median Brisbane rental yield on a house is 5.02 per cent. You have to go to either Darwin or Hobart to find better yields than this. Additionally, yields have only decreased 0.5 per cent in the last year. That is the second best yield performance in the country for the last 12 months, behind Darwin.
So if you are looking for positively geared property but finding it difficult to come by, cast your eye to the Brisbane property market. Better yet, give us at Propertybuyer a call, and we will cast our keen eye there for you, so you can relax and await those positive returns.