The Brisbane market has finally bottomed out and is looking ripe for investment, according to one industry figure.
Speaking to Smart Property Investment, Positive Real Estate director Sam SaggersThe Brisbane market has finally bottomed out and is now filled with investment opportunities said that entry level properties close to the Brisbane CBD are being snapped up for around $300K.
“Compare it to Sydney and it’s some 38 per cent less expensive,” Mr Saggers said.
“Compared to Melbourne it’s 16 per cent less expensive and even small cities like Darwin have much higher unit prices right now than Brisbane does,” he said.
“So for me, a great city with 2 million people, it’s a great city, it’s on the move, why not? It’s a good bet.”
In Brisbane the median house price is $432,500 while the median price for units is $365,000, according to RP Data.