Stable supply and demand numbers are expected to lead Brisbane ahead of other capital cities for this year, according to Raine&Horne Real Estate. Brisbane buyer activity has increased by 25% from the same time last year. Meanwhile, property listings have decreased by 60%.
Property values are forecasted to increase by 7% this year. Brisbane’s low values have been appealing to both investors and home buyers. The median price for Sydney is at $665,000 while Brisbane remains affordable at a median price of $445,000.
It is expected that buyers will be encouraged to purchase property in Brisbane because of these factors.
Read more about this on the Smart Property Investment website.