Archive for the ‘brisbane cbd investment properties’ Category
November 4th, 2009 | Author: admin
WHERE is Australia’s Best Investment Property ?
brisbane cbd investment properties are
where Australia’s 7th richest man is investing.
Success Leaves Clues.
Are You Following Them?
Find out more today.
October 13th, 2009 | Author: admin
Brisbane CBD Investment Properties
By Terence J Fisher
At this point in time – mid 2009 – brisbane property investments are in a very unusual position. Given the economic downturn worldwide, and particularly in the USA, property investment in most parts of the world has come to a halt.
The competitive advantage enjoyed by Brisbane property investors is that Brisbane – and the southeast of Queensland in general – has continued to grow as Australians have headed north to the Sunshine State and immigrants have continued to arrive. This population growth has outstripped property investment, keeping prices reasonably buoyant compared to the rest of the world. This is particularly true of Brisbane CBD properties. Even during the black times of 2008, property within 10 km of Brisbane CBD was actually growing in some suburbs.
The second half of 2009 will be very interesting for Brisbane property investments. The Australian government’s first home buyer’s grant of $21,000 for new homes and $14,000 for established homes is due to be halved at the end of September 2009, and phased out completely before the end of 2009. This grant has fuelled property investment in Brisbane during 2008-9, but its removal may slow growth in 2010, making this the ideal time to invest in real estate in Brisbane.
While brisbane cbd investment properties are strong, there are suburbs where property has yet to move. For this reason it is very important if you are considering property investment in Brisbane to do analysis suburb by suburb. Even during 2008 there were suburbs were experiencing double-digit growth in value, while other suburbs moved backwards. This disparity between suburbs makes the Brisbane real estate scene an interesting one, with bargains available for both buyers and sellers.
Another interesting element in timing is that at the time of this report – September 2009 – interest rates in Australia have dropped by 4.25%, but all indications now are that future movements will be upwards. The combination of low interest rates and the first-time buyer’s grant have fueled property investment in Brisbane, but the removal of this grant and higher interest rates may slow growth during 2010 – although this is by no means certain, as the population will almost certainly continue to grow.
If you need to sell your house, either for personal reasons or to rebalance your property investment portfolio, late 2009 may be a good time for selling Brisbane property investments.
Also, Brisbane real estate is currently seeing some very competitive offers on reducing the normal 2.5% commissions. By shopping around, Brisbane real estate buyers may be able to save them themselves thousands on real estate commissions. A graph of Brisbane property prices over the last 30 years shows consistent growth and it may be a great time to buy Brisbane CBD investment properties, particularly if you can afford to hold your investment for a while.
While there will always be a degree of uncertainty in buying and selling real estate, the position with Brisbane’s CBD investment properties compares extremely favorably with properties in places like in the USA and the UK that have been hit hard by the current economic recession.
Terence J Fisher runs several Real Estate Marketing Websites, including Brisbane Property Investment websites and Gold Coast Real Estate Marketing sites. Terence’s specialty is marketing – he does not sell Real Estate directly. In particular, he provides a ‘shop window’ for private sellers and small Real Estate offices that do not have their own website. For more information, please see http://www.brisbanepropertyinvestment.com and http://www.cbdpropertybrisbane.com.
Article Source: http://EzineArticles.com/?expert=Terence_J_Fisher
http://EzineArticles.com/?Brisbane-CBD-Investment-Properties&id=2889272
September 22nd, 2009 | Author: admin
For several reasons, the Australian real estate market is very different to the real estate markets of other developed nations, such as the United States and the U.K.
While the United States suffers from an oversupply of property, Australia actually suffers from an acute shortage of rental property.
The USA practiced reckless lending policies, allowing people who could not really afford to repay loans to take them on at teaser interest rates. However, the lending practices of Australian banks were much more cautious, providing more protection for the Australian residential property market.
While Australia as a nation has been strong in global terms, Brisbane’s real estate market in particular has performed very strongly. Brisbane has enjoyed a steady population growth of around 3% per annum, at a time when developers are finding it tougher and tougher to get financial approvals for their development projects.
An under-supply of new housing stock, combined with increasing demand usually means rising prices. Commsec reports that wages are now growing again at a healthy pace, further improving the outlook.
With a combination of the Australian economy now showing signs of bouncing back, property vacancy rates at low levels of 1-2%, rising wages, low interest rates, stamp duty concessions, it would be extremely surprising indeed if property prices in premium Brisbane suburbs did not continue to rise.
Surprising, many people are still willing to pay to rent property today. Single bedroom Brisbane CBD Properties are renting for over $500 per week in some cases. Demand is outstripping supply right across the city, vacancy rates are falling, and rents are rising.
Competition for the rental accommodation that is available is fierce. In some Brisbane suburbs, the cost of the typical mortgage is less than the cost to rent. Given this environment, it would not be surprising to see investors returning to the market.
Once this happens, as momentum starts to build, Brisbane investment property prices will experience upward pressures. While this will be tough for tenants, it is a real boon for property investors looking to build wealth through residential property investment. Now might be a great time to buy investment property in Brisbane – especially given the relatively poor performance of alternatives.