The locals have known this for a while, our southern capital city counterparts have latched on in recent years, and now word is spreading globally.
Demand for Brisbane property is growing amongst buyers from China, the United States and New Zealand, reports Your Investment Property magazine.
Brisbane is now the third most searched capital city in Australia on the Chinese-language property portal Juwai.com.
The Queensland Government clued on to growing overseas investor interest last year and slapped a 3 per cent surcharge on foreign purchases hoping to hose down potential for the market to overheat like we’ve seen in Sydney and Melbourne.
So what’s driving demand for our river city property?
Affordability and yield are two of our headline features. Buyers pay less to get a foothold in Brisbane than they would in Sydney or Melbourne and their rental yield is far higher.
Couple that with forecasts for continued steady growth and Brisbane is a no brainer.
Want to get into the market before the rush really starts? View our current listings for sale.
