Brisbane, in case you haven’t noticed, is rapidly developing.
Property speculators will not be able to get enough of the river city, whether it’s the never-ending winters or the enormous suburban blocks on price offers. While property prices in Sydney and Melbourne continue to rise, the Brisbane market is brimming with investment opportunities.
However, compared to Sydney and Melbourne, there are significant distinctions in what makes Brisbane’s housing market tick which buyers’ agents in Brisbane will help you with. Before doing that, here’s a rundown of four things you should keep in mind about Brisbane before becoming its buyer.
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Begin With a Strategy
Getting a thorough awareness of the area is critical to making informed judgments like any property investment. Brisbane, fortunately, provides a lot of information to help you achieve just that without agents.
Brisbane City Council presented their strategy for the city’s future growth in 2014. It is available on the internet, along with interactive fact sheets and mapping tools. It details key designations, local zoning, and information on overland flows.
The plan acts as a guide used by Council to evaluate proposed developments in the city. The amount of detail can be confusing for anyone unfamiliar with municipal planning and development jargon. Despite this, the relevance of the statistics for property investors interested in the city cannot be overstated.
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Queensland Has A Distinct Style
If you’re planning to buy a home with character in the city, don’t expect it to look like anything you’d see in Sydney or Melbourne. The most popular character homes in Brisbane are built on stumps and have timber walls and a tin roof. Buyers’ agents in Brisbane will help you out with it.
Despite the higher upkeep requirements, this distinctive style is by far the most sought after in the Brisbane property market.
Brisbane prefers an elevated view point. The hills are:
- An element of Brisbane’s allure.
- Providing ventilation.
- Better natural light.
- A vantage point for breathtaking sunsets over Mount Coot-tha.
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Schools are Nearby
Good schooling nearby is an important factor to consider when looking for an investment property in the river city. They have a significant impact on the pricing of houses inside them.
West End and South Brisbane, which are part of the catchment area for one of Queensland’s best state schools, have seen stronger price rise than the surrounding suburbs.
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Unique Lifestyle
Air conditioning, as easy as it may appear, is becoming a need in Brisbane. Whereas ceiling fans may have previously pleased tenants, buildings without air conditioning have struggled to attract tenants in the last 18 months.
The way of life, as well as the houses that purchasers gravitate to, can be extremely different from Sydney and Melbourne.
The city’s winters are mild, to say the least, which means there’s plenty of opportunity for outdoor entertaining. Homes that take advantage of our never-ending summer and adapt to this love of the outdoors have a better chance of succeeding.
Conclusion
Following a decade of floods, downturns, and a severe lack of job development, Brisbane is finally starting to transform and emerge as a new international city.
With good infrastructure initiatives, a proactive and beneficial local government has offered more efficiency and predictability for people and businesses.
The price disparity between Brisbane and the larger capitals is at an all-time high, and the affordability issue will begin to weigh heavily on people’s minds. It’s possible that the opportunity to invest in a Sydney or Melbourne comparable from 20 years ago has resurfaced. This is why you should think about investing in Brisbane as it sheds its country town image.