General Overview on Brisbane Property
Brisbane is the city that has it all; a year-round climate to die for, waterfront, views, beaches, river, mountains and farmlands close by. It’s no wonder then, that there are over 338,349 residential properties - excluding apartments and units.
While Brisbane has enjoyed the boom surging through the rest of Australia, traditionally housing has been much more affordable than other capital cities like Sydney and Perth. Just a few years ago you could buy a house there for under $200,000. Now that is almost impossible, yet their prices of $330,000 are still considered good in today’s market. Of course, your dream house could be more like $900,000 to 2 million.
Balmoral, Hamilton Chelmer, Bridgeman Downs, St Lucia and Bulimba are all considered to be the best upmarket growth areas. Cheaper suburbs such as Forest Lake, Runcorn, Carole Park, Durack and Taigum are not to be sneezed at though, because they all show steady growth.
The inner suburbs continue to find strong inquiries from renters, and apartments there - of which there are many new ones - are considered good investment properties. Economists are suggesting that growth could sustain a 6% increase in the next two years due to strong immigration from both interstate and overseas.