But did you know it’s the west coast that has been shining the brightest with Perth clocking up nation leading growth of late.
Now Australian Property Investor magazine is tipping that it’s Brisbane’s time to shine,
A recent shift in investor sentiment heralding a turning point in the property face-off between Western Australia and Queensland.
“Long a preferred destination for property investors, Queensland is quietly reclaiming its top spot,” it reports.
“Investor interest in Queensland has inched up to 33 per cent, while Western Australia has seen a sharp decline, with 25 per cent fewer respondents now considering it the best investment option.
“This eight percentage point drop marks one of the most significant shifts in sentiment recorded by API Magazine, highlighting a potential pivot in Australia’s property investment landscape.”
There are a number of factors that are making Brissie a top spot for investor interest.
“The city’s superior affordability compared to other major markets, combined with an extended period of high interstate migration (looking at you Sydney and Melbourne), has bolstered housing demand in Queensland,” the magazine reports.
Add to this persistent low listings compared to historical averages and strong buyer demand with low days on market.
This shows the continued popularity of Brisbane and signals continued strength in our local market.
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