Brisbane Property Market Update – April 2011
From Whitehouse Capital Partners
Update from one of our expert panel on the Brisbane Property Market, which I thought I would share with you all:
People have been asking what’s happening in the Brisbane market. Is it still flooded? Has everyone swapped their cars for canoes? What’s happening to yields and growth prospects?
We took a trip up to Brisbane shortly after the flooding to inspect first hand. We represent developments in Fortitude Valley, Kelvin Grove and South Brisbane and thankfully none of these sites were affected or under water at the highest parts of the floods.
The government released a fantastic link to a website that provides satellite images of Brisbane on any given day. The link below is an image of Brisbane on the worst day of the flooding.
http://www.nearmap.com/?ll=-27.468907,153.025475&z=14&t=h
Brisbane is open for business and provides investors looking to diversify their portfolio with a compelling growth story on par with Sydney and Melbourne.
Brisbane’s long-term economic outlook, planned infrastructure spending, projected population growth rates and its changing demographics all combine to provide exceptional long-term investment prospects:
- Brisbane’s economy has been growing faster than any other capital city since the early 1990s;
- Brisbane’s Long Term Infrastructure Plan will invest $32 billion over the next 20 years;
- Population growth in Brisbane in 2008 was higher than all other Australian capital cities excluding Perth.
- ABS predicts Brisbane’s population will increase to 3,157,903 people by 2030;
- A staggering 91% of the population in Brisbane lives in 1 or 2 person households. This is well above state averages where only 58.2% of the population live in households with two or less people.
We are currently recommending stock that represents exceptional value with prices for 1 beds from $360,000 and 2 beds from $425,000.
Yields in Brisbane tend to be around 5% and have increased in the short term with limited accommodation available for flood victims who need temporary accommodation.
If you are interested in investing in Brisbane, contact us for access to property deals.
About Mark Taylor….
Mark Taylor is the Founder and Director of Keys To Success Club. A property investor in his own right, Mark helps other people succeed in property investment by connecting them to property experts through Keys To Success Club.
Brisbane Property Market Update – April 2011
