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Experts: Brisbane Tops List of Property Investment Locations

If you had $500,000 to invest in property around the nation, which capital city would choose? Brisbane and Melbourne have taken out first place when a panel of property experts and economists were asked where they would invest their money, reports 


The Finder Reserve Bank of Australia Cash Rate Survey found Brisbane and Melbourne received an equal 27 per cent of votes, followed by 14 per cent for Sydney and Canberra, and 9 per cent for Adelaide and Perth. 


Prices will continue to rise according to 45 per cent of the experts, indicating they feel the property market had turned a corner, and 41 per cent of those surveyed predict prices will remain stable for the time being. 


Graham Cooke, insights manager at Finder said the recent gains in the market were not a product of "dead-cat bounce."


"Potential first time buyers may not be buying at the bottom of the market, but there is still plenty of value to be had with home loans at record lows," Cooke said.


This week, the Reserve Bank of Australia (RBA) kept rates on hold at a record low of 1%. RBA Governor Philip Lowe indicated the door is open to possibly more rate cuts. 


“It is reasonable to expect that an extended period of low interest rates will be required in Australia to make progress in reducing unemployment and achieve more assured progress towards the inflation target.”


CoreLogic research director Tim Lawless told their national index recorded month on month increase in nearly two years. 


"Clearly housing market conditions are responding to lower interest rates as well as the recent loosening of loan serviceability rules from APRA and the positive influence of the stable federal election outcome,” said Lawless.  


Hannah Schuhmann said buyers should jump on board the Brisbane property investment bandwagon while great value can still be found in the CBD! Two bed and two bath CBD apartments are highly sought after. Investors can enter the market in a variety of great locations for under $500,000. 


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