Keep an eye on Brisbane apartments

Keep an eye on Brisbane apartments

Apartments are popping up across Brisbane with "unprecedented levels" of stock soon to enter the market, according to a report from ABC News.

Social and economic market research firm Urbis has suggested that up to 45 dwelling projects will be on the market by the end of the year, opening up plenty of opportunities for home buyers and investors looking to utilise the cheap home loans on offer across the country.

Apartment ownership in Brisbane is proving to be a big positive. Urbis Associate Director Jon Rivera told ABC News the boom in apartment construction is transforming the CBD and "revolutionising" the capital's housing market.

Mr Rivera went as far as to say Brisbane will become a "major world-class city", which could mean that continued dwelling development and high-end infrastructure projects are on the cards.

While Brisbane is a hot pocket of activity, it's promising that Queensland as a whole is showing its strength.
Strong sales activity in tourism hot spots and in southeast Queensland are highlighting growth in market confidence, according to a statement from the Real Estate Institute of Queensland (REIQ).

Some mining areas are showing "easing conditions", but Southeast Queensland and Toowoomba's market conditions are certainly positive. Those looking to buy, whether as homeowners or investors, may wish to look towards these promising areas.

There are other places that are showing signs of strong growth, too.

"Sales activity was most improved in the Moreton Bay regional council area, which saw an increase of 7 per cent in preliminary sales numbers over the March quarter," said REIQ Chief Executive Anton Kardash.

Cairns, Gold Coast, Fraser Coast and Sunshine Coast all performed strongly when it came to median house price growth quarter-on-quarter to March.

It's not just houses performing well, either.

"Prestige unit sales were also healthy on both the Gold and Sunshine Coasts, with both recording solid median sales price growth as well as overall unit sales activity," Mr Kardash said.

Image credit: Hasitha Tudugalle

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