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Brisbane’s Hotspots for Capital Growth Revealed



Brisbane City

The report highlighted six rural areas that PRDnationwide predicts will beat the business because of reasonableness, expected yearly value development and suburb improvement spending.

Six suburbs in one state that are expected to deliver strong returns to investors throughout 2015 have been identified.

PRDnationwide’s capital city Hotspots report said Brisbane’s strong capital growth performance last year and continuing infrastructure investment had set the city up for a strong 2015.

“The majority of Brisbane suburbs recorded strong growth in both houses and units throughout 2014, with some suburbs recording unprecedented annual growth in median prices,” it said.

Brisbane City

“Over the 12 months to December 2014 there has been an increase in second and third home buyers from interstate taking advantage of low interest rates, increased equity in their homes and a slower median price increase in comparison to Sydney and Melbourne.“First home buyers are also claiming their stake in the property market, with many purchasing new dwellings approximately 15 to 20 kilometres from the CBD.”

The report highlighted six suburbs that PRDnationwide predicts will outperform the market due to affordability, anticipated annual price growth and suburb development spending.

Houses in Fitzgibbon ($428,000 median price in 2014), Kelvin Grove ($640,000) and Runcorn ($481,000), and units in Indooroopilly ($431,000), East Brisbane ($445,000) and Wooloowin ($372,000), will be Brisbane’s hotspots in the year ahead, the report said.

In general, Brisbane’s property markets have a strong few years ahead of them, PRDnationwide believes.

“Brisbane property proves to be in high demand, evident through several key indicators including (but not limited to): growth in rental price, a recovery in the number of sales and median prices, and declining trend in average days on the market. Further, $9.2 billion worth of residential development projects is due to commence construction in 2015. This will refresh Brisbane’s residential supply over the next three years, providing property market players a wide array of choice.”

SOURCE: Smart Property Investment

Six rural areas in one express that are required to convey solid comes back to financial specialists all through 2015 have been recognized. This will revive Brisbane’s private supply through the following three years, giving property market players a wide exhibit of decision.

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Auction tips: Why and when you should auction



WHEN it comes time to sell your property, the age-old argument of auction versus private treaty naturally comes to the fore.

There is no one best practice but the general consensus among property professionals is both type of housing and market confidence play pivotal roles.

Core Logic RP Data auctions spokesman Kevin Brogan crunched combined capital city data over the 12 months to November 2015 and found higher valued and more unusual properties were taken to auction.

“If you have a house in a street and there are 10 others like it, you have a pretty good idea of what it’s worth,” Mr Brogan said.

“But if it’s unique or unusual you might not be able to pick what it’s worth so you take it to auction on the proviso there’s enough interest.

“Looking at the combined capital city data over the past 12 months to November, you see the general median price of houses that sold at auction is about $950,000.

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Brisbane’s Moreton Bay gaining strength: Terry Ryder



Brisbane's Moreton Bay gaining strength: Terry Ryder

The latest event in the evolution of the Brisbane market is the strong emergence of the Moreton Bay Region in the far north of the city.

It has joined Logan City in the far south as the precinct with the most momentum in the Greater Brisbane area. Meanwhile, Ipswich City in the south-west is putting its hand up as well.

Most national commentators misunderstand what’s happening with the Brisbane market. They look at that single figure which apparently describes the whole Brisbane metropolitan area and conclude not much is happening. Australian Property Monitors says Brisbane prices rose 5% last year while CoreLogic RP Data says 4%.

But beneath that one generalised (and highly misleading) figure, there has been lots of activity in precincts which have recorded double-digit annual growth in median house prices.

Markets in the Greater Brisbane area have been on the move for about two years. The inner-city suburbs were busy a couple of years ago and then the middle-ring suburbs on the northside surged. Many of them had annual growth in the 13% to 15% range. The middle-ring suburbs on the southside joined the party 12-18 months ago.

Now it’s the outer-ring areas that are leading. There are still rising suburbs in those northside and southside middle-market precincts, but it’s the cheaper areas on the outskirts that have the greatest activity and momentum.

In this regard, Brisbane is displaying the same pattern we have seen over the past three years in Sydney and Melbourne – the upturn started in the near-city areas and gradually gravitated outwards from the centre. The Ripple Effect is alive and well in residential real estate.

In Brisbane, Logan City (which is the urban bridge between Brisbane and the Gold Coast) has been  the market leader in terms of sales volumes for the past 12 months or so. But now it’s counterpart in the north, the Moreton Bay Region local government area (which is the urban bridge between Brisbane and the Sunshine Coast) has mounted a challenge.

Like Logan City, Moreton Bay Region is all about affordability, transport infrastructure and jobs nodes. Many of the suburbs of Moreton Bay Region – including Caboolture (the capital suburb), Morayfield and Deception Bay – have median prices in the $300,000s, while Burpengary and Narangba are in the low $400,000s.

These are high-volume housing markets: Caboolture, Deception Bay, Morayfield and Narangba have each recorded over 340 house sales in the past 12 months. Some have seen median prices rise 6-7% in the past year – but, in terms of price growth, they’re just getting started.

Median rental yields are an attraction for investors, ranging from 5.2% to 5.6% in most of the suburbs of the Moreton Bay Region.

The LGA includes the Redcliffe Peninsula, which has heightened appeal because the long-awaited Moreton Bay Rail Link will be completed this year.

The overall region has improved amenity through the evolution of the North Lakes master-planned community, which includes major retail (and will soon include an Ikea superstore).

The region also has good proximity to Brisbane Airport, the Port of Brisbane and the Australia Trade Coast industrial precinct, which means plenty of jobs are handy to the suburbs of Moreton Bay Region.


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Illegal homes sell-off will not affect market



THE property industry has backed Treasurer Joe Hockey’s plans to force 500 foreign home owners who breached investment rules to sell their properties.

Mr Hockey said an investigation into foreign investment had found the homes, worth a total of $1billion, were bought outside the investment rules.

He said among those found were overseas students – “some who had never filed a tax return have bought properties worth $5 million”.

Property Council of Australia chief Ken Morrison backed the move, but said it would not do anything to address housing affordability.

Mr Morrison said the sales were a “drop in the ocean” and far too few to impact the market.

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