In recent times there has been a lot of debate regarding Australia’s property market – will it fall or will it boom? What will happen in the new year? There are very extreme opinions on both sides of the fence for this argument. Now, while we do not claim to have a crystal ball that can predict the future, we can explain a number of obvious reasons as to why we do believe Brisbane will do well and why we are looking to the new year with great excitement around the local market.

5 reasons the future is looking bright for Brisbane property:

Our population growth is very strong

Much of this prediction is fuelled by immigration (on a state and national level) and to some degree solid natural population growth. Sure, immigration levels have dropped in Australia overall but as a whole we are still growing much faster than any other country in the developed world.

The economy is healthier than ever

Remember a little billion dollar project called the Queen’s Wharf? Well that development is set to put a rocket behind the Brisbane economy as early as 2016, making it stronger and stronger by creating a major influx when it comes to tourism and the local economy – this equals more jobs and in turn, more people moving into the city! A major tick for Brisbane. Plus, let us not forget the bigger picture, we live in Australia whereby our economy is performing at a level that is the envied by of much of the Western world. 

Banking systems are sound

When it comes to banking, Australia, including Brisbane, is currently experiencing reasonable interest rates, tight lending practices and low default rates – not a bad position to be in really when you think about it.

Australia’s home ownership culture is thriving

In contrast to some overseas markets Australians have high equity in their properties and a conservative debt position. 

Sensible level of household debt

Yes, weare borrowing more, but the debt seems to be with those who can afford it. The bigger picture looks like this… a vast majority of Australians are actually saving more money and accumulating less credit card debt. On the flipside they are paying off their mortgages faster than necessary and getting ahead of their finances. Effectively this is reducing the risk of collapsing house prices should interest rates rise or the economy hit a speed bump.

So sure, we are not claiming that Australia is the bee-all and end-all for property (even though we think it is) – we are just pointing out that our industry is a far cry from "heading down the gurgler” and other similar headlines media portals love to taunt investors with, and at HS Brisbane Property we are very much looking forward a positive new year coming our way!

So for those looking to buy property in Brisbane, you can rest easy. While every Australian city is different and will experience its own share of peaks and valleys, here in Brisbane we expect continued positivity on the horizon.

To jump on board before Brisbane’s property market picks up even further in momentum, why not make an appointment with Hannah, your CBD property expert? Call 0419 782 133 to schedule a consultation. 

From all of the team at HS Brisbane Property – we wish you and your family a wonderful and very Merry Christmas!  ‘Frohe Weihachten and see you next year!