So, why should you invest in the Brisbane Property Market, you say?
It’s as much about Brisbane catching up to its southern neighbours as it is a safe and attractive place to live, more so in last 2 years of instability.
Relative affordability is still there and the liveability and burgeoning development that’s occurring is attracting young families and those career minded professionals. Brisbane is a viable place to relocate and build a rewarding lifestyle with balance and wide-open spaces.
A lot of talk is stemmed around the stimulation and focus that will occur into the region leading up to the 2032 Olympic Games. The Australia Financial Review published an article forecasting house prices to potentially double in Brisbane between 2021 and 2032. In reference to our last Olympic Games in Sydney, between 1997 and 2003, house prices increased by 97% off the back of this event!
Huge infrastructure spending and regional plans will see Brisbane capitalising on these investments for the residents to enjoy, and further use into the coming decades. This signals a region that is vibrant and an exciting place to live, work and enjoy many physical activities.
With terrific weather for most of the year, (setting aside the recent floods and occasional heatwave), it’s the sub-tropical climate that attracts people to the Sunshine State. With the beaches of the Gold Coast and Sunshine Coast within reach, Greater Brisbane is a realistic and close-by holiday destination. Brisbane is also rated at number 10 in the most liveable cities in the world – Global citizen site.
With that in mind, in 2021 more Australians moved into South-Eastern Queensland than into Sydney or Melbourne – ABS. This shift has come on the back of less favourable Covid conditions in other states and the search for something new and better in Brisbane. In actual fact, 75% of Australia’s population and job growth is predicted to occur in South-East Queensland, Sydney and Melbourne over the next 20 years – Michael Matusik.
Brisbane’s population is predicted to soar to over 5 million people within the next 30 years – ABS. This will drive demand for housing and set steady capital growth for the years to follow after the post-Covid transient conditions and fervent demand for housing off the back of such conditions.
Albeit the last 2 years, property prices in Brisbane have sat flat for the last 10 years. However on average they have increased by 9.7% per annum for the last 46 years (total return divided by 46 years) – Homely. This is set to spike with the next 10 years being one of change and high growth not seen in Brisbane since the 1988 World Expo.
Lovely weather aside, Brisbane scored a perfect 100 in both the education and healthcare sectors of the CNtraveler.com rated site, making it an easy pick for one of the best places to live in the world. Where else would you want to live?
Contact Nathan and Lee from Cavalier Homes Greater Brisbane to find out more!