Interstate Investors Heat Up The Brisbane Market

As property prices in the other states becoming increasingly unattainable it puts the Brisbane market and in particular, the inner CBD area, in great stead for the future.

 

“We are receiving so many enquiries from interstate buyers at the moment.  Though our market is on the move and we are seeing a steady rate of growth, the fact is investors can get far more bang for their buck when it comes to Brisbane. 

 

The investment market is heating up here because we have such fantastic properties on offer providing security with potential for good long term growth and great rental returns” said Hannah Schuhmann, Principal of HS Brisbane Property.

 

Attend an open house on any given Saturday and you will no doubt find a handful of Sydney or Melbourne buyers in attendance, looking to snap up a fantastic slice of Brisbane real estate.

 

“It’s not only the affordability and great returns that are enticing the interstate buyers to us.  If you look at what’s available, CBD market wise, Brisbane currently has 234 properties for sale in the Brisbane CBD – that is 9 times the amount of stock of the Sydney city market and almost double the number of properties for sale in inner Melbourne.  Now is a great time to list and make the most of the current situation”, said Hannah.

 

Many of the interstate buyers are cashing in their superannuation to instead invest in real estate, so they are cashed up and ready to buy.  In 2014 across the board we are seeing lower levels of stock available then this time last year so while this makes things more competitive for purchasers, vendors are enjoying a fruitful time indeed.

 

All of the above makes for a very exciting time in Brisbane real estate and a fantastic opportunity for astute vendors to make the most of the increased interstate interest.  After all, more competition equals high sales prices!

 

If you are considering selling a property in Brisbane and would like to know how you can best benefit from this peak of interstate buyers, contact Hannah today for no obligation appraisal of your property.  Call Hannah on 0419 782 133.

  

 

Source. Figures sourced from  http://www.property.com.au/ as at 3/5/14.

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