Predicting the bottom of the market is notoriously difficult. In Brisbane we’ve now seen two months of growth following a decline from our peak and while it may be too early to call the bottom, we’re probably getting closer. A recent market update from Property Update, says the Brisbane market is “looking for a floor”.
So when is the right time to buy? Property investment is usually best considered a long term game. It’s less about ‘timing of the market’ and more about ‘time in the market’. Over the long term, Brisbane still holds great potential for investors. Property Update offers five reasons to buy in Brisbane.
- Brisbane has a diverse and growing population.
- We have a well spread out network of suburbs spanning from the CBD, alongside the river, to the bayside, offering a good mix of inner to middle ring living options.
- We’re experiencing an infrastructure boom ahead of the 2032 Olympics.
- Brisbane is the “economic engine room” of Queensland and is tipped for growth despite global economic uncertainty.
- Our outdoor lifestyle is second to none with great cultural precincts and events making the most of our sub tropical climate and relaxed atmosphere.
“So rather than trying to time your next property purchase based on where we are in the cycle, take a long view and if your income is secure and the time is right for you, this may be an ideal time to get a foothold in the Brisbane property market while others are sitting on the sidelines,” says Property Update.
Ready to make your move? View our current listings for sale or talk to us about landlording.
