Sydney investors head to Brisbane… and here’s why
Good news Brisbane! We’ve done our research and it looks like our fabulous city can expect to see an influx of investors as of the beginning of this new financial year. Once again proving that now is a very exciting time to invest in the Brisbane CBD.
Why now? What’s responsible for this new developing interest? Well, according to multiple industry experts, this strong shift appears to be a result of Sydney’s continually rising property prices.
It’s no secret that Sydney’s prices have been on the up for some time but it appears their growth is the biggest it has been for a while. In keeping with a current domain.com.au article by Antony Lawes, he states that Sydney’s property prices have shot up almost six per cent over the first months of 2015 alone – the city’s highest quarterly growth in six years.
Lawes’ article also highlights the CoreLogic RP Data’s latest home values index, which found annual price growth for apartments across the whole of the city was 13.9 per cent for the 12 months to the end of March.
One might think this is a good thing for Sydney… right? Wrong! Property adviser, Jacob Field, from Ripehouse (a company which supplies research and analysis tools for DIY investors) argues that it’s actually quite the opposite of good. Well, unless you’re in Brisbane, that is.
Field says Sydney's recent growth has started to polarise investors from buying in New South Wales. Instead they’ve started heading up to Brisbane’s CBD. In fact, in a recent story on the Property Observer he said that some 80 per cent of his clients were currently targeting Brisbane… this is a huge number!
"It is either encouraging current Sydney investors who have made recent capital growth to diversify into other markets or for those investors that have not yet entered the Sydney market, and now priced out, they are looking out into other markets.
When it comes to buying property, Field believes Brisbane is currently the most convincing recommendation that Australia has to offer.
"However, Brisbane is now perhaps the strongest buy recommendation in the nation and should not be overlooked for growth, all the way through the recovery and growth phases of the cycle."
Adding to that, earlier this year, Field also reported that Brisbane and the South East regions of Queensland were firmly in the recovery stage.
"We have seen some small incremental growth in these two markets to kick off 2015, expect this to escalate and start moving much faster as we progress throughout the year."
So, whether you’re a current Brisbane investor or you’re looking to enter the market, many experts (just like Field and Lawes) are indicating that Brisbane is the place to buy in 2015, and who better to help you with your investment than HSBP?
To discuss future investment options right here in the heart of the CBD contact me, Hannah Schuhmann, on 0419 782 133.