Thinking of buying a home? Now’s the time to make it happen!
- January 31, 2019
- Ayda Shabanzadeh
- Australian Property Investment
Real estate experts across the country have identified now as the perfect time to purchase property in Queensland’s capital.
New data presented by CoreLogic revealed that rent for houses in Brisbane increased by 2.4% in 2018 whilst the cost of renting became 2.6% more expensive during the same period.
Nerida Conisbee, realestate.com.au’s chief economist, said that rent in Queensland’s capital would continue to surge upwards as the market began to absorb rental supply.
“The reason being we have fewer new developments going ahead and also fewer investors in the market,” she told news.com.au.
“Now is actually a good time to look to buy because we are looking to see further increases in rental levels.”
With the economy improving, more employment opportunities emerging and housing very affordable in Brisbane, savvy investors will continue to be attracted to the local property market.
“Queensland is also attracting a lot of people, so there’s going to be more homes needed [to meet supply and demand],” Ms Conisbee told news.com.au.
Ayda Shabanz hosts her next property workshop on Wednesday February 20th 2019 at the Grow Group Display Suite in Brisbane, Queensland. Visit www.growevents.com.au to secure your seat at the FREE event.