Brisbane Property Prices Expected to Accelerate as Investor Demands Skyrocket

Heard the expression ‘a rising tide lifts all boats?’

That’s what more or less is happening in the Queensland property market right now, with Brisbane property prices expected to accelerate as investor demands in the Queensland capital skyrocket.

There are clear signs that the market is heating up with the number of suburbs gaining double-digit growth and nearly doubling over the past six months.

PRD Nationwide’s latest Brisbane Hotspot report shows that six months ago, only 18 of Brisbane’s 195 suburbs were experiencing price growth in double-digit figures. This has now increased to 35.
According to PRD Nationwide’s national research manager, Asti Mardiasmo “It was a big change for a city in which annual price growth had normally been between 3 per cent and 5 per cent, and maybe 7 per cent if you’re lucky.”

“Whether it’s inner western, eastern, what have you, there are now suddenly all these suburbs that have double digit growth that they’ve never seen before,” Dr Mardiasmo said. “It’s kind of going nuts.”

Units in the inner south-eastern suburb of Coorparoo previously showed that rates were falling at 6 per cent, now they are growing at a rate of 10.7 per cent. Overall Brisbane rental yields on houses (4.4 per cent) and apartments (5.4 per cent) at the end of August were the highest of any of the five mainland capitals tracked by data provider CoreLogic.

With this in mind, the growth has not been limited to any one pocket, it has been evenly spread across the Brisbane region. Making now the perfect time to consider an upgrade or an investment property for greater turnaround prospects.

With this dramatic growth of Brisbane properties, reaching higher than ever before.

Are you wanting to learn more about Brisbane or find properties around the area? If so, please contact Hicks Real Estate today for confidential and friendly advice on 07 33556845.