The Brisbane real estate market has managed to overcome the slowdown in Australia's real estate market over the past two years, making it a safe and viable place for investors, an economist said.
While there are many concerns over the excess supply of apartments in Brisbane, the chief economist of Realestate.com.au, Nerida Conisbee, has stated that the city's rental market continued to attract the interest of investors and buyers.
"While prices in Sydney and Melbourne have fallen over the last two years, prices in Brisbane have remained remarkably stable, despite the many concerns over an oversupply of apartments, which are still in the process of being sold. has been extremely exaggerated, "she said.
More: 2 investors out of 3 likely to invest near their place of residence
According to Realestate.com.au, five major suburbs have potential for growth for potential investors.
Wishart is a suburb with an upbeat performance potential, 14 kilometers south of Brisbane's central business district. The median price for this suburb is $ 725,500 for houses and $ 392,000 for units. The median rental price for a house is $ 475, giving a return of 3.4%. The units at Wishart have a median rent of 410%, a return of 5.4%.
Camp Hill is also one of Brisbane's most active suburbs. About eight kilometers from the CBD, the suburbs experienced a 60% increase in housing prices over the last decade, bringing the median value back to $ 900,000.
Read also: Brisbane predicts an expansion of 20%
Auchenflower, renowned for its proximity to Suncorp Stadium, has seen an even greater price gain in the past decade, reaching 70%, bringing the median value of its home to $ 1.275 million. Houses in this suburb are rented $ 525 per week, giving them a rental yield of 2.1%. Auchenflower units generate a rental yield of 4.5% for a median rent of $ 385.
Bulimba and New Farm have also experienced a 70% price increase over the past 10 years – their respective median prices now stand at $ 1.31 million and $ 1.55 million.
Local and interstate investors are drawn to the "traditional Queensland atmosphere" of Bulimba, while in New Farm, investors take advantage of its proximity to the CBD and the city's capital. access to the Brisbane River.
Top suburbs:
South Brisbane
,
North Epping
,
Torrensville
,
Tiwi
,
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