Our city provided investors a total return of 11.6 per cent over the 12 months to August.
That’s more than double the 5.1 per cent returns investors pocketed in Sydney or Melbourne.
The analysis come from Cotality data reported in Domain.
It shows that Brisbane also had the highest capital growth of the major capital cities, clocking up 7.9 per cent in the 12 months to August.
This compares to just 2.1 per cent in Sydney and 1.4 per cent in Melbourne.
Of all capital cities nationwide, the top end topped out the growth charts, with Darwin notching up a whopping 10.2 per cent capital growth and 17.6 per cent investor returns, when taking into account rent.
Looking ahead, there’s more growth to come for Brisbane, says buyer’s advocate Rich Harvey, chief executive of propertybuyer.com.au.
He points to continued interstate migration, a tight rental vacancy rate, and ongoing Olympic Games infrastructure spending as big boosts to Brissie’s buoyant market.
“If you want the best of both worlds, Brisbane is my pick at the moment,” Harvey said.
Check out the total investor returns across Australia’s capital cities:
- Sydney, 5.1%
- Melbourne, 5.1%
- Brisbane, 11.6%
- Adelaide, 10.2%
- Perth, 11.2%
- Hobart, 7.0%
- Darwin, 17.6%
- Canberra, 5.6%
- Combined capitals, 7.0%
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