After a strong year of growth in the Brisbane market, many may not know what to expect for the coming year. Over the course of 2021, Brisbane saw a property price increase of a massive 25.1% according to CoreLogic. So what trends should you look out for in 2022 and what tips do we have for new Brisbane property investors?
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Is this the right time to purchase an investment property in Brisbane?
Brisbane has been in the spotlight of late – winning its bid to host the 2032 Olympic games, which has elevated the city to the international stage. With the inevitable associated growth in infrastructure and the economy, so too will the population begin to rise and many commentators believe this is just the start of a decade long property bonanza.
On a less positive note, devastating weather events such as cyclones and flooding will also have a flow-on effect on the housing market. However; historically the Queensland property market has proven to be able to bounce back from these types of events over the long term.
Warm weather is typically a major drawcard for Brisbane, as well as the laidback lifestyle attracting new residents and investors alike. Because of this, affordability is likely to become an issue, particularly with post-pandemic migration returning.
All of these factors make now a lucrative time to invest in the Brisbane property market and it’s unlikely that investors will look back in a few years’ time, regretting their decision.
Other trends and influencing factors to note include a predicted interest rate rise over the coming years, with the first rise anticipated to hit late this year. The building and construction industry is already seeing the increase in costs of building production and construction materials which are going to continue to impact markets nationally, with some reports anticipating a housing shortfall as a result within 10 years.
Where to buy an investment property in Brisbane
At Ironfish, we’re always looking for the latest strategies and investment opportunities to support our customers in building a diverse and successful portfolio. With Brisbane’s property market set to continue on its growth trajectory and more and more people relocating North, land is likely to become scarcer, thus driving prices up. Because of this, we’re targeting affordable house and land opportunities now.
Ideal locations are:
- Logan Reserve
- Park Ridge
- Greenbank
- Jimboomba
- Caboolture
- Morayfield
- Burpengary
Strong lifestyle offerings in Brisbane are also something we’re looking for, particularly affordable infill boutique apartment buildings.
Ideal locations are:
- Toowong
- Stones Corner
- Woolloongabba
- South Brisbane
There are many things to consider when it comes to diving into the Brisbane property market pool. The experienced team at Ironfish are here to support you in your property goals in 2022. Explore more of our research on property investment in Brisbane as well as our Australia-wide city guides.
Want to know more? Read our comprehensive analysis of the coming trends. Download our 2022 Guide to the Property Market.
Start Your Journey
Take the first step towards better results. Book your expert consultation today!