With a highly aggressive investor market and a median house price now over a million dollars, combined with steadying wages, Sydney no longer meets the objectives of many investors, say Cohen Handler, Australia's largest buyers agency. The firm believe that Brisbane, as the third largest and fastest growing city in Australia with an average house price of $505,000, is offering high affordability and greater scope for capital growth in the short to medium term.

The firm has expanded their business to help investors to capitalise on the potential in Brisbane, which is in sixth place when it comes to capital city median house prices. Brisbane property prices failed to recover in the same manner as Sydney, Melbourne and Perth post-GFC, dropping even lower as a result of the two years of rains and floods. Cohen Handler says this is an anomaly that is likely to be corrected by above trend market growth in the the short to medium term; making it the ideal time for investors to capitalise on the affordable property prices.

"The average Sydney house price is $1,020,000. With interest rates at 4.5 per cent and the average pre-tax Sydney household income of $152,000, property owners will be left with very slim margins to pay their other bills. Investors should consider looking outside of Sydney to find a suitable investment," says Jordan Navybox, who will be heading up the Cohen Handler Brisbane team. 

"Brisbane and the Gold Coast are the solution that investors are looking for. The market there has not fully recovered or peaked, making it the most affordable market in the country," says Navybox.

"There is great investment opportunity in South East Queensland with great scope for capital growth in the short to medium term."