Brisbane to lead capital cities in 2014

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.

Property Optimism High in Queensland

Queensland home sales have been increasing steadily for the past year. House sales for the month of June alone, increased by 22% over the previous month, and 40% higher than the same time last year according to the Real Estate Institute of Queensland.

Brisbane increased by 32% in June despite the fact that it is not an auction rich city. Major cities have also experienced an increase in home values around the same time.

Investor activity in Queensland is expected to increase further with low interest rates, strong rental market, property demand and increasing home construction.

Read more on the Property Observer website.