Last week we had a look at quotes from a few property market gurus at what we could expect for this year in Brisbane.  This week are are delving further into what is in store for our wonderful city and what it all means for those looking to buy or sell.
 
There is plenty of good news on the horizon for those looking to invest in our city with several industry experts predicting that Brisbane’s median house price is tipped to jump by a huge 17 per cent in the next three years.
 
This is a very exciting prospect for property owners, prospective buyers and investors alike – after less aggressive growth in previous years due to weak migration and population growth says Angie Zigomanis, Senior Manager for BIS Shrapnel.
 
While this might be so, the increasing presence of foreign buyers means that some capital cities are starting to do far better than others. Brisbane being one of them!
 
In fact, Brisbane is currently leading the property race according to NAB Group chief economist Alan Oster, who recently said while overall the latest NAB Residential Property Index for the third quarter of 2014 remained unchanged, Queensland has now overtaken Victoria as the strongest state.
 
That’s right, we’re now on top. Meaning now is the perfect time to invest in Brisbane. Whether you’re an owner-buyer or you’ve purchased a unit purely as an investment property, the good news is that things are on the up and property prices are set to rise.
 
Question is, how will Brisbane fair in 2015? The NAB Economics’ analysis expects Brisbane and Sydney to lead the market in the next year, followed by Melbourne and Adelaide, with Perth lagging.
 
“All the pieces were falling into place for the beginning of an upturn as property prices are still affordable and interest rates are low.   It makes for a very exciting era for Brisbane and we encourage those thinking of selling to capitalise this opportunity” said Hannah Schuhmann Principcal of HS Brisbane Property
   
With so much future growth set for Brisbane’s real estate market, maybe your 2015 resolution could be to “double your investment”? Whatever you decide, to make sure you’re on the front foot of every real estate opportunity before it rises, contact Hannah on 0419 782 133 and make an appointment now.