Must be something in the water: New reports show why Brisbane is an investor’s dream

 

From water usage to rental yields and vacancy rate reports - we take an in depth look at why the future of investors lies right here in Brisbane.

 

 The latest Speculative Vacancies Report prepared by Prosper Australia has claimed that there are a lot of vacant Melbourne investment properties at present.

 

 The report attempts to measure how many vacant homes are in Melbourne by analysing how much water they use each year. According to the latest edition of the report which analysed water usage over 2014, 82,724 homes in the greater Melbourne area used less than 55 litres of water a day.

 

Prosper claims that level of water usage is the equivalent of a single tap being allowed to drip all day and is much less water than the average person would use in a day. Thus, suggesting that those homes are being left vacant.

 

Paul Osborne, head of Melbourne based buyers’ agency Secret Agent, said the Prosper figures were probably an accurate picture of the situation in Melbourne.

“Those figures are probably about right and I think the method of looking at water usage is a pretty good way of finding out what’s really going on,” Osborne said.

However, it is not just water that is showing high vacancy numbers in Melbourne. Seems power is is also a good indicator of where things lie for the city. Just take one look at apartment buildings in Melbourne city at night and you will see many of them are there with their lights off sitting vacant.

 

 Thankfully, this isn’t the case across the board in Australia.

 

 I guess the question on every investors’ lips is, where to next? If Melbourne is showing signs of empty buildings and apartment complexes, where in Australia should investors be looking at? 

 

 

After observing latest figures, it seems the proof is in the pudding, with Brisbane certainly indicating to be the state that more and more investors are starting to sit up and take notice of – and with high rental yields and vacancy rates higher than Melbourne, Adelaide, Perth, Hobart, Canberra and Darwin, why wouldn’t they?

The Australian Housing Outlook Report by BIS Shrapnel for QBE shows that Brisbane is currently experiencing higher rental yields than most of the other capitals. 

 

With all that in mind, it seems that Brisbane is an obvious choice for the next location of any future investor. Here at HSBP we can help source the best investment opportunities that Brisbane has to offer. For more information or set up an appointment, contact our professional team on 0419 782 133.

 

Reference: Australian Housing Outlook Report 2015 – 2018 by BIS Shrapnel for QBE