The Brisbane property market is expected to perform well again this year.
BRISBANE’S property market was been tipped to continue its slow and steady price growth throughout 2018.
So if your plan for the New Year is for a new home, where is the best place to buy?
We’ve asked the experts where are the best suburbs to buy in greater Brisbane and on the Gold Coast and Sunshine Coast for first home buyers, families and luxury properties.
According all there are plenty of good opportunities in each of those brackets.
Ray White Queensland CEO Tony Warland said there were many suburbs within the southeast with strong sales numbers and price growth.
“On the whole, Queensland’s property market improved by $55 billion in 2017 and $2 billion of that has been on the Sunshine Coast, as opposed to the year before when the growth was on the Gold Coast,’’ he said.
“Ipswich is definitely the pick of the place to buy in the west too where the market has caught back up to itself and its ready to go again.
“You can see now that stock is tightening and prices are set to rise.”
Harcourts Queensland CEO Brendan Whipp said that “Brisbane will be a stable market’’, in 2018.
“We are still extremely affordable compared to New South Wales and Victorian capitals and that in time by itself should deliver some good (sales) volumes and potential gains.’’
Mr Whipp said the only thing slowing that at the moment was job creation.
“We are the most hotly contested capital city.’’
Place CEO Damian Hackett said steady growth in the Brisbane marketplace would continue into 2018, with the focus shifting to suburbs between 5km to 10km from the CBD.
He said employment creation was key for market growth and with approvals for various new infrastructure opportunities across the city, this could have an impact on housing prices.
He also tipped the luxury market to perform well, and become more attractive to interstate buyers.
“We expect to see that trend continue, with Brisbane presenting itself as an attractive place to live where you can still get more bang for your buck in luxury market.’’
Queensland Sothebys International CEO Paul Arthur believed the greater Brisbane market would be strong across all price ranges in 2018.
“We continue to see record low interest rates, which from all accounts should hold for the foreseeable future,’’ he said.
“For that matter southeast Queensland provides amazing value compared to our southern states, which bodes well for the sustained movement north from Sydney and Melbourne. “Brisbane continues to mature as a major capital city which is driving a good level of growth and development — all positive factors.
Mr Arthur believed the city fringe would continue to perform well, areas such as Wilston, Kalinga, and Bardon.
Belle Property Head of Queensland Jon Iceton said any movement in interest rates would influences the direction of where the property market would go this year.
“In saying that, after a stable 2017 and based on current conditions, there is the expectation that we will see a higher turnover of properties in 2018 compared to last year. How markets perform in the first quarter will be the benchmark of things to come.”
Originally Published: realestate.com.au
