Brisbane: The

Next Property

Boom Town

Pointcorp

Level 2, 25 Donkin Street, Oxley House, West

End QLD 4101

1800773779

Leading housing market experts name Brisbane as the next

boomtown, tipping to achieve price growth of up to 10% over 2015. Economists say Brisbane’s

property market has been recording solid growth the past two years. With nowhere to go but forward, it’s looking to be

in even better shape in the period forecast.

These economists and experts happen to have tracked medium house price growth of just under

6% for 2014, which was up another 1% from 2013, so last year was definitely another solid one for this segment of

Australia’s property landscape.

A Growth That Regained Confidence

Compared to other capital cities Sydney, Melbourne and Perth, Brisbane’s growth began much later on. These impressive signs of improved economic activity

it’s manifesting today is helping it recover its lost confidence.

It seems set to continue its growth trajectory in 2015, as experts are predicting, driven by the strength and pull of its inner city markets. Price growth will push up to about 6% or 7%, but the inner city markets could grow by up to 10% this year. Affordable Inner City Markets The growth of Brisbane’s property market is driven mainly by mid to high price ranges rather than the lower budget price ranges in the mid to outer suburbs, so it is the inner cities that has been drawing the trajectory. Compared with neighbouring capital city markets, Brisbane’s real prices are still below where they were nearly five years ago. Interest rates are also at historically low levels, which improves affordability further.Experts say it is the value opportunity driving the buyers; it’s when they think it is a good time to buy.

Taking Over Other Cities Some are even going so far as to say that Brisbane is likely to overtake Melbourne as the second best performing market in 2015, after Sydney. Its capital growth will not be around the Sydney level this year, although it is starting to push towards that. It will likely be the second best performing market this year. The rental market remains tight, especially with housing investments. Brisbane certainly remains an attractive location, with its upsides being price growth and a tight vacancy rates. Economists predict investor fascination, both local and foreign, will continueto be thebiggest driver to the Brisbane housing market this year.

References: http://www.pointcorp.com.au http://operasouthbrisbane.com.au/brisbane-property-market-set-to-boom-in-2015/ http://www.brokernews.com.

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