Brisbane: The Best Buy
Brisbane continues to present itself as the best place to invest on the east coast of Australia, far outpacing both Sydney and Melbourne in terms of both gross rental yields and overall affordability.
Also, with Melbourne and Sydney currently in the middle of a property bubble1
, Brisbane's more sustainable growth rates are an attractive option to smart investors who don't want to get hurt when the bubble bursts.
Many Happy Returns
CoreLogic reports Brisbane boasts a 5.3% average gross rental yield for apartments, compared to a 4% and 3.7% yield for Melbourne and Sydney respectively.2
With Brisbane still significantly more affordable, investors can get more money for less, buying a cheaper property to make more profit overall.
Unlike Melbourne or Sydney, Brisbane’s suburbs offer a wide array of relatively spacious investment properties within easy access of its CBD, with the accessibility of the region a strong draw for local tenants. With a strong public transport network, and also an ever-growing suburban community, especially in South Brisbane suburbs like Eight Mile Plains and Upper Mt Gravatt, many investment properties in the area hold an irresistible location appeal.
Brisbane is also predicted to see price growth more than double in the next year, with SQM Research (an investment research firm) forecasting a price growth rate of 7% next year.3
This means those who buy now could potentially sell their property in as little as just one year for a great profit, but that it's also important to buy soon, to avoid having to pay more for the same property later.
When you look at the whole picture, it's easy to see why Brisbane is such an appealing place for investors. At LJ Hooker Sunnybank Hills, we have a wide variety of investment properties, and can also help you look at getting a great rate on a loan so you can maximise your returns. Talk to us today to see what we can do for you.
Janda, M., 2017, "House Prices Overvalued by up to 30pc in Australia's Biggest Cities: Economist",
Scutt, D., 2017, “Rental Yields Across Australia Just Hit Another Record Low”,
Foster, S., 2017, "Brisbane Housing Growth Rate to Double Next Year to Mirror Sydney",