Investors set Brisbane in their sights, attracted by prospects of steady growth
Brisbane will be one of the best capital cities for capital growth over the next five years, according to a survey of more than 2200 property investors and owners.
The Property Investment Sentiment Survey aimed to capture a snapshot of how those in the property market are feeling about buying and selling in the future and is run by the Your Investment Property Magazine and Michael Yardney’s Property Update.
The survey results showed 45 per cent of respondents have strong confidence in Brisbane’s prospects for price growth.
“People believe that the steam is coming out of the Melbourne and Sydney markets,” Mr Yardney said. “But at the same time, population growth is growing in Queensland, infrastructure spending is growing and people believe it’s time for Brisbane’s time in the sun.”
On top of this, a growing number of those surveyed were looking to splash some cash in the new year.
“24 per cent of respondents to the survey conducted online said they planned to buy a new home in 2018, Mr Yardney said. “That’s considerably up from 14 per cent 12 months ago when a similar audience were surveyed.
“61 per cent of the people survey believed that now was a good time to buy property.”
As long as it’s the right type of property.