Buying Real Estate in Brisbane & The Gold Coast
The South east Queensland property market is one of Australia’s most buoyant and over the past 2 decades has experienced phenomenal growth. The South East Queensland population is growing by 40,000 people per year, creating demand for 6,200 new homes annually for the next 15 years.
Simply put, supply and demand market forces will continue to drive up property prices. Rental vacancy rates are likely to remain at historic lows for the foreseeable future and this will have an upward impact on rents and positively affect rental yields which mean investors will continue to drive the market.
Underpinned by record migration, low unemployment and the resources boom, Queensland’s economy is booming, but the median prices are still well below Sydney and Melbourne. There’s a huge amount of State and Federal Government investment in infrastructure and the development of a transport network which is starting to take place around Brisbane and the Gold Coast and all point towards strong capital growth for the future.
If you would like to know what your property is worth or would like to find out more about the Brisbane and Gold Coast Property Markets or how your suburb compares please contact us and we’d be only too happy to help.
Property Statistics and Real Estate Market Trends