12 Reasons To Buy In Brisbane
In this video, we look deeply into the Brisbane property market.
Between the 2032 Olympic Games, the cross-river rail project and the huge number of Aussies moving to the sunshine state this one is not to be missed.
1. Propertyology forecast house prices in Brisbane to grow by 27% in 2022.
2. The Australia Financial Review published an article forecasting houses prices to potentially double in Brisbane between 2021 and the 2032 Olympic Games. Between 1997 and 2003 house prices in Sydney increased by 97% off the back of the 2000 Olympic Games.
3. According to Propertyology house prices in Brisbane, Adelaide and Hobart could grow by between 30 to 45% between the start of 2022 and 2023.
4. Australia’s big four banks forecast the following gains for the Brisbane property market in 2022 ANZ 7%, CBA 7%, NAB 5% & Westpac 10%.
5. Brisbane’s population is predicted to soar to over 5 million people with the next 30 years – ABS.
6. In 2021 more Australians moved into SEQ than into Sydney or Melbourne – ABS. 75% of Australia’s population and job growth is predicted to occur in South East QLD, Sydney and Melbourne over the next 20 years – Michael Matusik.
7. While property prices in Brisbane have sat flat for the last 10 years, they have increased by an average of 9.7% per annum for the last 46 years (total return divided by 46 years) – Homely.
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