The latest Performance Property Advisory (PPA) Investor Market Update examined property investment conditions in Sydney, Melbourne, Brisbane and Adelaide.
The PPA website states it compiles the report with research from various statistical and market monitoring bodies then compares cities on a number of criteria including rental growth, price growth and affordability amongst others.
So what makes Brisbane such a great place to invest?
There are a few key reasons according to PPA. Brisbane’s population growth is projected to increase by 820,000 people over the next two decades. It has low unemployment (around 5.4 per cent at the time the report was published). The city benefited from infrastructure spending of $1.07 billion in 2015. Additionally, Brisbane has affordable average house prices compared to average income.
So where in Brisbane would PPA put its investment dollars? View its top #6 investor hot spots below.
- Stafford
- Kedron
- Nundah
- Mitchelton
- Camp Hill
- Morningside
They also rate some city fringe and ‘blue chip’ school catchment areas, but advise giving CBD apartments a miss.
View the full report on the PPA website.
