We keep hearing from industry experts and economic reports that the Brisbane real estate market is heading towards a boom. Well, the latest housing market data report continues to support this claim.  

Since mid-2013 the average gross rental yield across Australia’s capital cities (combined) has dipped from 4.3 per cent to 3.6 per cent. This drop is being felt in Melbourne and Sydney the most, as both cities head towards record lows at 3.3 per cent and 3.6 per cent respectively.

With Sydney now overpriced, Brisbane’s CBD is proving more and more promising for investors.

In fact, latest March figures show that Brisbane CBD apartment prices were up by 1.8 per cent in March alone and a massive 3 per cent over the last 12 months. Furthermore, the median price of CBD apartments for the quarter was $380,000 – again this was up by 2.1 per cent.*

Mr Lawless said that this data would have presented quite the challenge for the Reserve Bank when they deliberated over the latest interest rate settings.

“Despite the headwinds of soft labour markets, very low rental yields, increased oversight on lending conditions and heightened economic uncertainty, historically low mortgage rates appear to be adding a further stimulus to the housing market, albeit that stimulus is largely being felt in Sydney.”

So with a boom on the cards, the question that has been on every investors’ lips is: “Will Brisbane start to see an oversupply in the CBD unit market?” The answer is a definitive “no” according to lead real estate adviser Urbis.

Recent Urbis reports indicate that inner Brisbane is reaching new heights when it comes to apartment sales; with a record-breaking number of 1,500 sales in the December quarter and 1,400 in the September quarter – a number which hasn’t been seen since 2007.

Urbis’s Economic and Market Research Director, Mal Aikman, said that future supply was “not an issue” and that investors from Sydney and Melbourne were seeing value in Brisbane.

“Looking forward, what we find is that in the first and second quarters of 2015 there are about 5000 apartments for sale. At the current rate of demand, that would equate to a sales rate of about 4000 apartments. So demand is slightly behind, but not significantly, and we’re a long way from saying there’s an oversupply or a glut,” said Mr Aikman.

Following months of record sales and increasing median figures, now is the perfect time to invest in a Brisbane CBD apartment. For more information or to make an enquiry contact Hannah on 0419 782 133.

* http://www.corelogic.com.au/resources/pdf/indices/indices-release/2015-04-01-monthly-indices.pdf