Brisbane's Property Prices Predicted To Experience Huge Growth

  • November 2, 2017
  • Ayda Shabanzadeh
  • Property Investment Brisbane
Brisbane

Property prices in Brisbane are expected to rise by up to 20 percent in coming years as buyers from Sydney and Melbourne enter the local market, a prominent real estate figure said.

Speaking to The Courier Mail, John McGrath said Brisbane’s just over halfway in its property cycle meaning local investors stand to benefit from the slowdown affecting southern states.

“There have been huge capital gains in Sydney and Melbourne and not only has it made it unaffordable, it’s certainly made people look for better value elsewhere in Australia,” he said. 

Research stated that Brisbane’s average property price was in some cases half of what Sydneysiders and Melbournians are paying, which demonstrates great affordability.

A city on the rise, world-class developments en route to Brisbane in forthcoming years include Queen’s Wharf, Brisbane Live and Brisbane Metro.

Mr McGrath said notable upcoming developments and the fact southerners were being priced out of their local markets would be driving forces behind Brisbane’s predicted growth.

“There’s no doubt in my mind there will continue to be growth in south-east Queensland,” he said.

Ayda Shabanz is hosting The Road to Property Ownership workshop on Tuesday November 14th 2017 at the CUB Club in Sydney, New South Wales. Visit www.growevents.com.au to secure your seat at the FREE event.