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Brisbane’s property market to outperform Sydney and Melbourne in 2019
Anthony Hancock
18/03/19
Brisbane’s property market has been forecast to outperform Sydney and Melbourne this year, enticing interstate migration with its lower-priced entry points.
The Urban Developer recently reported that Brisbane’s property market has been forecast to outperform Sydney and Melbourne this year, enticing interstate migration with its lower-priced entry points.
And the fundamentals are in place for Brisbane’s property market to lead the way with some of the best opportunities for investment in the nation.
Herron Todd White has released a national study on what each capital city’s median home price will buy and Brisbane offers investors affordability and choice, recommending those looking to sell their high-priced Sydney apartments and spend a portion of the profits in Brisbane, are wise to look in the city’s middle ring suburbs.
Brisbane’s prestige market is also an incredibly strong performer, overtaking Melbourne for price growth in the luxury home market.
Amparo by Mosaic is set in the prestigious Taringa dress circle only 7km from the Brisbane CBD
In Knight Frank’s recently released The Wealth Report 2019, Brisbane earned a spot at number 31 in the Prime International Residential Index (PIRI 100) which tracks the world’s top 5 per cent of prestige property values across 100 cities.
Five Australian cities earned spots on the index, with Brisbane (31) falling just behind Sydney (30) but well ahead of Melbourne (41) in terms of price growth, according to The Wealth Report 2019. Last year, Sydney and Melbourne were ranked 9th and 14th respectively.
Given the strong vision for future investment in infrastructure that will continue to transform the city, and combined with location, lifestyle and affordability, the fundamentals are right for investing now in Brisbane.
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