Qld will lead in 2016, according to Best Buys

Posted on 9/12/2015  
Qld will lead in 2016, according to Best Buys

Brisbane and Queensland will provide the best opportunities to buy well for future capital growth, according the new National Top 10 Best Buys 2016 report published today by hotspotting.com.au.

Five of the Top 10 are located in Queensland, while the Melbourne region provides three of the locations.

With the Sydney boom having run its course, after three strong years, investors are looking elsewhere both for capital growth and for more affordable prices.

The median house for the Brisbane metropolitan area is approximately half that for the Greater Sydney area. And while there are now few growth markets left in Sydney, many precincts across Greater Brisbane have strong market momentum, with sales activity still rising.

Other parts of South East Queensland also have buoyant markets, including both the Gold Coast and the Sunshine Coast.

Only two locations outside of Queensland and Victoria make the National Top 10 Best Buys 2016 report, one of which is Hobart.

The Tasmanian capital presents the most affordable housing market among the state and territory capital cities – and is set to be boosted by an improving state economy, a rising tourism industry and increasing business investment.

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