Brisbane House Prices On The Rise

December 12, 2018

When considering property investment, it is important to understand that the property market generally moves at a leisurely pace so targeting locations with medium to long term growth fundamentals while maintaining a medium to long term (5+ years) investment strategy tends to be the method of most success.


As Sydney and Melbourne move further into their correction phase, the medium term outlook remains bleak for these property markets. Despite reasonable growth in Melbourne and Sydney in 2016 and 17, it has become more evident that the medium term performance will be less flattering as much of the 2016/17 growth is lost during correction. At Meridian it is our intention to avoid markets such as this and target areas with much more upside over the medium term.


In recent months, the Brisbane property market has been receiving a lot of attention surrounding it’s growth prospects over the next 3- 5 years.


Following the release of the June budget, the QLD economy has surpassed growth expectations. At the same time, employment growth has strengthened significantly. Trend employment has risen 113,000 over the year to November 2017, with Queensland generating more jobs than any other State.


At the same time, net migration inflows have picked up to the highest levels since 2012 as the QLD economy gains momentum and people move from the other eastern states to take advantage of Brisbane’s high levels of affordability.


In addition to this, new dwelling commencements have declined dramatically, with the amount of DA’s in the pipeline failing to progress to construction in the wake of tightening lending conditions and credit default taking its tolls on developers whom have failed to realise heavy pre-sale targets imposed by lenders.


Looking ahead, the outlook is very positive with many industry pundits now tipping Brisbane to lead the nation in terms of capital growth over the next few years.


To hear what the other’s are saying, please click on some of the links below.



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