What’s Happening Around Our Nation – A State By State Update
Brisbane’s property market performed better than Melbourne and Sydney over the last 3 months and that wasn’t hard to do.
There appears to be some good areas that are performing respectably and have great investment prospects.
On the other hand, in regards to apartments there is a significant oversupply of new high rise off the plan apartments overshadowing the inner city area and nearby suburbs, so house investment is your best bet.
Employment growth is ticking up in Queensland which created close to 18,000 new jobs last year.
Brisbane currently has 5.1 months of established housing stock available for sale.
The months of supply figure is higher than it has been at this time of year for each of the past five years.
Brisbane home values rose by 1.2% over the three months to April 2017 and are 2.3% higher over the past year. Brisbane home values have increased by just 21.2% over five years to May 2017.