Foreign buyers remain unfazed by hefty property taxes
Australian property — both commercial and residential —remains attractive to foreign investors despite major tax bar...
If you’re looking to invest in Brisbane, there are five suburbs set to guarantee a good return, according to local economist.
Nerida Conisbee, chief economist at realestate.com.au, says that Brisbane’s strength is seeing it become the place to invest in, with more people opting for the north than its east-coast neighbours.
“This is despite a lot of concerns about apartment oversupply, which have turned out to be vastly overstated.”
Ms Conisbee also noted that rental properties in Brisbane are receiving a lot of interest.
“While prices are still relatively flat, we are starting to see some positive signs for rental demand,” she said.
“Inner-Brisbane is seeing some of the highest views per listing for rental properties in Australia. This is now starting to flow through to rental growth.”
Property refers to either a tangible or intangible item that an individual or business has legal rights or ownership of, such as houses, cars, stocks or bond certificates.