A confluence of factors including interest rate cuts, a return to more reasonable lending standards, as well as the coming and going of a Federal Election is helping markets to strengthen. 

“There is no doubt that most markets ground to a halt last year with many locations posting poor results, which is slightly unusual," said Your Property Your Wealth director and buyer’s agent Daniel Walsh. 

"What that means is that most major locations are now together at the blocks ready for the starter’s gun. Of course, the question is, which one is going to end up the winner?”

Mr Walsh said past performance should never be relied on for future results because markets are more complex than just one factor driving growth.

“Consider Sydney between 2000 and 2009 – it was the poorest performing capital city – which at the time was believed to be because it was our nation’s most expensive.

“As we know, its performance from 2010 to 2018 debunked that reasoning, as its property prices soared by more than 80 per cent, and its median house price reached levels that were out of reach for a lot of buyers,” he said.

During that time, Sydney’s economy was also performing the best, followed by Melbourne, where property prices also increased strongly.

Mr Walsh added that over the next decade, prices in our two biggest capital cities will continue to grow, but not at the same rate.

“I believe that Brisbane will be the property winner over the next decade and not because it seems to have missed out on growth in the most recent market cycle,” Mr Walsh said.

115-kennedy-terrace-paddington-775014dd-bead-4ef4-9dd4-e4dec3b04632.jpg

115 Kennedy Terrace, Brisbane managed by Belle Property Wilston. Source: The Luxury List.

“In fact, respected property investment analyst John Lindeman has forecast that Brisbane property prices could increase by as much as 120 per cent between now and 2028.

“The Sunshine State capital has a huge number of economic attributes that will underpin its market, including strong interstate migration, affordability, an ambitious infrastructure program as well as the second runway at its international airport, which is expected to boost the state economy by billions of dollars alone," he said. 

Mr Walsh has been investing in the Greater Brisbane market for clients for a number of years, targeting houses priced between $300,000 and $500,000 with solid yields.

“Clients have seen their Brisbane holdings increase in value by as much as 21 per cent over the past three years while most other major locations were flatlining or falling in price,” he said.

“There is still so much more room for the Brisbane market to grow, so that is why we will keep buying there strategically because we believe that over the long-
term it will be the leader of the pack.”

Similar to this:

Brisbane expected to record biggest rise in house prices, says report

Construction starts on Brisbane's newest riverwalk

Auction activity increases ahead of Easter