Brisbane, in particular, is performing very well and has the potential to outperform Sydney and Melbourne as the two leading cities hit their peaks.
In Brisbane, the upmarket suburbs near the city have joined the $1million median house price club after constant price growth. Within a year, six suburbs in Brisbane saw midpoint houses prices climb by more than $250,000 in a single year.
Here’s why you should buy a property in Brisbane:
- In Brisbane, with $1million, you can buy a lovely house near the city instead of a smaller home in Sydney or Melbourne that are more than 30km away from the CBDs.
- The property prices are predicted to rise more than 20% in the coming years and it is more affordable than Sydney or Melbourne.
- Record numbers of homes are being sold in the market, but the interest rates are really low!
- Convenient suburbs are available for established professionals and families who want a little room to move without having to move too far away from the city centre.
Brisbane’s inner-city suburbs such as Yeronga, Balmoral, Norman Park, Ashgrove, Teneriffe, Ascot, Highgate, Stafford Heights, Chermside, Holland Park, Tarragindi, Cannon Hill and so forth, have shown consistent historical growth along with the right demographics for future long-term growth.
The boom is set to be ongoing, with three of Australia’s big four banks offering fixed mortgage rates of less than 2%.
Do you want to buy a property in Brisbane?
As a property buyer, if you manage to buy the ‘right property’ in the ‘right place’, you could make a significant profit.
Brisbane also has suburbs extremely close to the CBDs, allowing you to reach work within 20 minutes – the new gold standard desirable lifestyle.
Our mortgage brokers can quickly assess your situation and get back to you with the best home loan options for Brisbane.
Please call us on 1300 889 743 or enquire online to go through your situation with an expert.