Brisbane and South East Queensland comprise the hottest market in the nation, at a time when heated real estate markets abound across Australia.
One of the key features driving the frenetic markets in Brisbane, the Gold Coast and the Sunshine Coast is low vacancies and strongly rising rentals.
Vacancy rates in Brisbane have dropped dramatically in the past two years and the city now has a vacancy rate only marginally above 1%. Many postcodes across the metropolitan area are below this benchmark.
Inevitably, rents are rising – with SQM Research data indicating that Brisbane house rents are 13% higher than a year ago.
At the same time, dwelling values are rising rapidly as the city is targeted by first-home buyers, investors and migrants from interstate.
After recording only moderate growth in the past 10 years, Brisbane is moving into a dramatically different decade – and is facing a prolonged property boom, driven by the Exodus to Affordable Lifestyle, affordability relative to the biggest cities and an elevated infrastructure spend.
But the ultimate game-changer is the 2032 Olympics, which will focus an international spotlight on Brisbane and South East Queensland.
It’s shaping as a great time to be a landlord in the Queensland capital.
But how can investors take advantage of the looming opportunities.
To discuss this topic, Hotspotting founder Terry Ryder hosted a webinar on Wednesday 27 October, featuring seasoned property manager Mark Shorrock of Bluestone Property Management & Sales.