Maddy
Property Manager
Key Takeaways –
In real estate, timing is everything. This is well-known among new buyers, seasoned investors, and real estate pros. Right now, many are looking at the Brisbane property market, wondering if it’s the right time to invest or better to wait.
Recent numbers show good signs for Brisbane’s property market. In the last two years, the average price of properties in Brisbane went up by 15%. The average house price jumped from $650,000 in 2021 to $742,500 in 2023 [1].
In this article, we will explore the facts and trends so you can make an informed decision about investing in Brisbane’s property market.
Brisbane is making a name for itself on the global stage. A big highlight was when The Calile Hotel got a special mention. It secured the 12th position in the inaugural World’s 50 Best Hotels List [2]. This was a big deal because it was the only hotel in Oceania to get this honour.
People love its cool Miami-style design and often share pictures of its pool deck on Instagram. This achievement shows how Brisbane is becoming a place people around the world are noticing.
Brisbane’s growing reputation doesn’t stop at a fancy hotel. The city is on its way to becoming a global destination. There’s a lot more happening that puts Brisbane in a good light internationally. This growing global recognition is also good news for the property market.
It brings more people, more business, and more opportunities to the city. All these factors make Brisbane’s property scene even more attractive to buyers and investors.
Brisbane’s property market is bouncing back. After a tough time, it’s now showing signs of recovery which is good news for buyers and investors.
The prices of properties are on a steady rise. Over the past months, the average prices have been going up little by little. This shows that the market is gaining strength and moving in the right direction.
The fact that prices are going up shows that demand is growing too. More people are looking to buy, and that’s pushing prices higher. Brisbane is doing well compared to other places in Australia, making it a good place to think about buying or investing in property.
Big things are coming for Brisbane, especially with the 2032 Olympics on the horizon. This major event is expected to bring many changes to the city.
The 2032 Olympics is more than a sports event; it’s a big deal for Brisbane [3]. It’s expected to draw people from around the world, bringing international attention to the city. This means more people will come to live, work, and invest here, which is good for the property market.
Along with the people, the Olympics will also bring economic benefits. There will be new jobs, better infrastructure, and more business opportunities. This will likely make the city a more attractive place to live and work.
Besides the economic benefits, the lifestyle in Brisbane is also expected to get a boost. The city will improve its facilities to accommodate the international event. This could lead to better public transport, more recreational areas, and improved public services.
The federal government has shared some forecasts about how many more people will be living in Queensland in the near future. They expect the population to grow by more than 16% by the time Brisbane hosts the Olympic Games in 2032.
This is a significant increase, and it’s likely to have a big impact on the city, especially the property market. With more people living in Brisbane, there will be more people looking for places to live. This higher demand could push property prices up.
It’s a simple supply and demand situation – when more people want houses, the prices of houses tend to go up.
Not only housing but this population growth will likely bring more economic activity. More people means more jobs will be needed, more services will be used, and overall, the economy will likely see a boost.
Let’s look at some recent numbers to understand the growth in Brisbane’s property market. The data shows a positive trend, with property prices on the rise.
In August 2023, CoreLogic reported that Brisbane house prices went up by 1.5% [4]. Proptrack’s report for August also showed a lift in home prices by 0.27%, following a 0.37% rise in July.
These figures are a good sign. They show that the property market in Brisbane is doing well, with prices going up steadily. This isn’t just a one-month thing but a trend over a few months which is a positive sign.
Analyzing these reports helps us see the upward trend in property prices. It paints a picture of a strong property market in Brisbane, which could be a good sign for buyers and investors.
When we think about the long-term, Brisbane seems to be on a good path, especially in the property market. The city is growing, more people are coming in, and with big events like the 2032 Olympics on the horizon, things are looking up.
Now, let’s talk about the property market. With prices going up steadily, it seems like the market is gaining strength. This is a good sign for anyone thinking about buying or investing in property here. If this trend continues, the value of properties in Brisbane could go up even more in the long term.
But is now the right time to jump in? Well, with the current momentum in the market, it might be a good opportunity to invest. Property prices are rising, and getting in now could mean watching your investment grow over time.
Also, with the upcoming developments and the positive economic outlook, the future seems promising for Brisbane’s property market. This could be the right time to take advantage of the growing market and make a move.
Brisbane’s property market is showing a lot of promise. With steady growth in property prices, more people moving to the city, and big events like the 2032 Olympics coming up, the future looks bright.
This article explored various factors that make Brisbane an attractive place for property buyers and investors. The numbers are positive, and the city is gaining attention not just locally but globally too.
If you’re thinking about investing in property, now might be a good time to consider Brisbane. Take a closer look at the facts and the trends, and see if this is the right move for you. There’s a lot happening in Brisbane, and this could be your chance to be a part of it.
Sources –
In the dynamic world of real estate, finding the perfect property can be a daunting task. The market is constantly evolving, and every property comes with its unique set of challenges. To navigate this complex landscape successfully, it’s crucial to have an experienced and dedicated partner by your side. Universal Buyers Agents is the answer to your property acquisition needs, offering a range of compelling reasons why you should consider their services over other Buyers Agents.
One of the standout features of Universal Buyers Agents is their team dynamic. Unlike a lot of buyer’s agents who are entering the industry with just their real estate certificate and operate as solo practitioners, Universal Buyers Agents boasts a team of experts from various fields related to real estate. This diverse set of skills ensures that clients receive comprehensive support throughout their property acquisition journey.
Universal Buyers Agents’ team includes former real estate agents, property managers, business development managers, construction experts, and finance professionals. This breadth of experience allows them to approach property acquisitions with a well-rounded perspective. Whether you’re dealing with the intricacies of property management, navigating the construction process, or securing the right financing, their team has the expertise and connections to guide you every step of the way.
Universal Buyers Agents’ track record speaks for itself. Having secured over $650,000,000 (well over half a billion dollars) worth of property, they possess an in-depth understanding of the market’s dynamics. This extensive experience means they know what works and what doesn’t when it comes to property acquisition.
Universal Buyers Agents’ commitment to serving clients extends beyond state borders. They operate on the ground in both Queensland (QLD) and New South Wales (NSW), providing their expertise to clients across these regions.
Whether you’re looking for a property in the sunny coastal areas of QLD or the bustling metropolitan centers of NSW, or looking to invest in other states such as SA and WA, Universal Buyers Agents can assist you in finding the ideal property.
Experience is an invaluable asset when it comes to real estate, and Universal Buyers Agents has it in abundance. With years of experience in the sector, they have honed their skills and cultivated a deep understanding of the market’s nuances. Having operated since 2016, they have now completed seven years in the industry, which is a testament to their longevity and commitment to helping buyers achieve their real estate goals.
One of the significant advantages of working with Universal Buyers Agents is their extensive network of connections within the real estate marketplace. Their relationships with real estate agents are particularly noteworthy. These connections provide them with access to invaluable insider knowledge, giving their clients an edge when it comes to finding off-market properties and gaining insights into pricing trends.
Real estate agents often share more information with Universal Buyers Agents than they would with the average buyer. This level of trust and rapport allows Universal Buyers Agents to negotiate on behalf of their clients more effectively and secure properties that might otherwise be out of reach.
In addition to their exceptional buyer’s agent services, Universal Buyers Agents offers comprehensive property management services, making them a one-stop-shop for investors. This holistic approach allows investors to not only acquire properties but also seamlessly manage and maximize the returns on their investments. With Universal Buyers Agents, you can trust that your investment properties are in capable hands, ensuring peace of mind and consistent returns.
In conclusion, choosing Universal Buyers Agents as your partner in property acquisition is a smart decision for a multitude of reasons. Their team’s dynamic range of expertise, years in the industry, extensive marketplace relationships, proven track record, nationwide reach, and comprehensive property management services make them stand out in the competitive world of real estate. When you work with Universal Buyers Agents, you’re not just getting a buyer’s agent; you’re gaining a dedicated team of experts committed to helping you secure the property of your dreams and manage your investments effectively. Don’t navigate the real estate market alone; choose Universal Buyers Agents and experience the difference for yourself.
Open house inspections are a pivotal part of the property hunting process. They provide an opportunity to explore potential homes, get a feel for different neighborhoods, and gather valuable information. However, they can also be a bit of a social minefield. To ensure you leave the best impression and gather the information you need, it’s essential to know what not to do during these viewings. In this blog, we’ll delve into the common pitfalls to avoid at open house inspections.
Punctuality matters. Arriving late to an open house inspection can be disruptive to both the agent and other attendees. Conversely, showing up excessively early might make the agent feel rushed and show eagerness. Aim to arrive on time, allowing the agent to provide you with the necessary information and answer your questions comfortably.
While it’s great to have the support and opinions of friends and family, bringing a large group to an open house can be overwhelming and off-putting to the agent and other potential buyers. Limit your entourage to a select few whose input truly matters to you.
One of the most crucial points to remember during open house inspections is to maintain your composure. Agents are adept at reading body language, and revealing too much enthusiasm can potentially harm your bargaining position. It’s often advisable to maintain a “poker face” and not overly express your interest in the property. This includes not revealing your budget.
While it’s perfectly acceptable to ask questions and seek clarification, avoid making unnecessary negative comments about the property. Criticizing the decor, layout, or condition of the property can be seen as rude and may affect your rapport with the agent. If you have concerns, express them tactfully and constructively.
Open house inspections have a schedule to keep. Spend an appropriate amount of time exploring the property and asking questions, but avoid lingering excessively.
While engaging with the agent, be cautious about revealing your budget. Agents may use this information to tailor their approach and potentially influence your decisions. It’s generally a good practice to keep your budget confidential until you’re ready to make an offer.
Open house inspections offer a unique opportunity to explore potential homes and gather valuable information. To ensure a positive experience, remember to be punctual, respectful, and composed. Maintaining a “poker face” when it comes to your level of interest and budget can help you negotiate from a position of strength when the time comes. By following these guidelines and practicing good open house etiquette, you’ll leave a lasting impression and make the most of your property search.
Team Piper | Universal Buyers Agents
Darren Piper, Nicole Irwin & Kylee Luong
When it comes to buying a property, the journey is filled with important milestones, and one that should not be overlooked is the pre-settlement inspection.
This critical step typically occurs just before the final settlement, providing both buyers and sellers with a last-minute opportunity to ensure that everything is in order before the property changes hands.
In this blog, we’ll explore the significance of pre-settlement inspections and how they contribute to a smooth and transparent property transaction.
Understanding Pre-Settlement Inspections
A pre-settlement inspection is a vital part of the property buying process. It typically occurs within 24 to 48 hours before the scheduled settlement, which is the moment when ownership of the property officially transfers from the seller to the buyer. This inspection serves as a final check to confirm that the property aligns with the agreed-upon terms and conditions.
At the heart of the pre-settlement inspection is the evaluation of the property’s condition. It’s an opportunity for the buyer to ensure that the property is in the same state as when they first inspected it. This includes checking for any unexpected damages or issues that may have arisen since the initial inspection.
If the property was sold with specific agreements for repairs, maintenance, or improvements, the pre-settlement inspection verifies that these tasks have been satisfactorily completed. It’s a way to confirm that any promised repairs or renovations have been carried out as agreed upon.
The inspection also covers fixtures, fittings, and appliances included in the property sale or rental agreement. Buyers can ensure that these items are present and in working condition, just as they were during the initial viewing.
Buyers typically bring copies of important documents, including the property condition report and other relevant paperwork, to the inspection. This helps ensure that all terms and conditions outlined in the sale agreement are met and that there are no discrepancies.
If the inspection uncovers any discrepancies, damages, or issues, it provides an opportunity to address them. Buyers can bring these concerns to the seller’s attention, and both parties can work together to find resolutions, which may involve repairs, adjustments, or compensation.
The success of a pre-settlement inspection relies on transparency and cooperation between the buyer and the seller. Both parties should approach the process with a willingness to resolve any issues that may arise. By doing so, they can prevent misunderstandings and disputes, ensuring that the property transaction proceeds smoothly.
In conclusion, a pre-settlement inspection is a crucial step in the property buying process. It offers buyers peace of mind by confirming the property’s condition and verifying that all agreed-upon terms and conditions have been met. By approaching this inspection with transparency and a cooperative spirit, both buyers and sellers can contribute to a successful and hassle-free property transaction.
Team Piper | Universal Buyers Agents
Darren Piper, Nicole Irwin & Kylee Luong
Buying a property is a significant financial decision, and getting the pricing right is paramount. Universal Buyers Agents, experts in representing property buyers, have honed their skills in accurately pricing properties to secure the best deals for their clients. In this guide, we’ll delve into the top three strategies that Universal Buyers Agents employ to ensure their clients get the most value out of their property purchases.
When it comes to property pricing, the adage “knowledge is power” holds true. Universal Buyers Agents rely heavily on conducting a thorough Comparative Market Analysis (CMA) to determine a property’s fair value. This involves examining comparable sales in the property’s area and its surroundings.
However, Universal Buyers Agents take this a step further. They focus not just on any comparable properties, but on those that share similar attributes such as the number of bedrooms, bathrooms, car spaces, land size, and overall quality. This meticulous attention to detail ensures that the properties being compared are truly like-for-like, resulting in a more accurate valuation.
Here’s where their expertise shines: Universal Buyers Agents understand that both superior and inferior properties have valuable insights to offer. Superior properties help establish a ceiling price, indicating the upper limit that a property could realistically command. Meanwhile, analyzing inferior properties sets a bottom-line price, helping to delineate the lowest value a property might be worth. By encompassing this range, Universal Buyers Agents create a comprehensive pricing framework that considers all potential scenarios.
Universal Buyers Agents know that a property’s true value extends beyond its aesthetic appeal. Their commitment to due diligence sets them apart. They meticulously scrutinize the fine print and delve into a property’s intricacies before advising their clients on the right price.
The presence of factors like flooding risks, easements, overlays, noise buffers, and surrounding development applications can significantly influence a property’s valuation. Universal Buyers Agents recognize that properties with these complexities will be priced differently from those without. This meticulous analysis equips them to provide clients with a well-rounded perspective on the potential challenges and opportunities associated with a property, allowing for more informed decisions.
One of the most powerful tools in the Universal Buyers Agent’s arsenal is understanding the motivations and expectations of sellers. By engaging in open dialogue, they gain insights into whether sellers have high price expectations or are more willing to meet the market.
This understanding isn’t just about gauging the initial asking price—it’s about deciphering the seller’s mindset. Are they eager to sell quickly? Are there specific reasons motivating their sale? This knowledge helps Universal Buyers Agents craft negotiation strategies that align with the seller’s disposition, potentially giving their clients an edge during negotiations.
In conclusion, Universal Buyers Agents bring a unique blend of meticulous research, due diligence, and negotiation finesse to the art of property pricing. Their holistic approach ensures that buyers are well-equipped to make informed decisions and secure properties at prices that accurately reflect their value. If you’re navigating the complex world of property purchasing, consider enlisting the expertise of a Universal Buyers Agent to guide you through the process with confidence.
Key Takeaways –
Investing in real estate has long been considered a reliable way to build wealth, and apartments have become an attractive option for many property investors.
The allure of apartments lies in their lower price points and stronger rental yields, making them an enticing proposition.
According to the Australian Bureau of Statistics, the number of people living in apartments in Australia increased by 78% over the 25 years leading up to 2021.
However, the question remains: Are apartments a good investment?
Yes, apartments can be a good investment option. When done correctly, an investor can reap excellent financial rewards from apartment ownership.
Apartments are typically more affordable than other real estate investments and offer higher rental yields, meaning that investors can earn higher returns on their money.
Although it does depend on various factors, including the location, the type of apartment, and the investor’s individual circumstances.
In this article, we delve into the intricacies of apartment investments, focusing particularly on the Australian context, where the dynamics of urbanisation, population growth, and changing lifestyle preferences reshape the property market.
Investing in apartments comes with a unique set of advantages that make them an attractive option for many investors. From their AFFORDABILITY to the potential for high rental yields, apartments present a compelling case for consideration in any investment portfolio.
One of the most appealing aspects of apartment investments is their relative affordability compared to standalone houses. The LOWER price point of apartments provides a more accessible entry into the property market, particularly for first-time investors [1].
This affordability means fewer risks and opens up more investment choices, allowing investors to enter the market sooner and start building their wealth.
Investors with sufficient capital can consider purchasing multiple apartments, spreading risk across different properties, locations, and tenant demographics. This strategy can provide a level of PROTECTION against market fluctuations and ensure a steady stream of rental income.
Australia’s expanding population and rapid urbanisation have led to an increased demand for apartments, particularly in major capital cities [2].
Over the past few decades, the number of occupied apartments in Australia has seen a significant INCREASE, a trend that is projected to continue.
This growing demand translates into more potential renters and higher occupancy rates, making apartments a viable investment choice.
More Australians choose apartment living for its convenience and proximity to urban centres and infrastructure.
The preference for LOW-MAINTENANCE living, coupled with the desire to live near workplaces, shopping centres, and entertainment venues, has made apartments an attractive choice for many.
The increasing demand for apartments has led to high renter demand, providing apartment owners with a larger pool of potential tenants. This demand can lead to shorter vacancy periods, ensuring a consistent RENTAL INCOME for investors.
Rental yields for apartments can often be higher than for houses. For example, CoreLogic recently reported that the average rental yield for apartments in Sydney was around 4.5%, compared to 2.7% for houses.
With more people wanting to live in apartments, investors have the potential to charge higher rent, especially for apartments in desirable locations or with attractive amenities.
And as already mentioned, the potential for a higher rent, coupled with the lower entry point, often results in higher rental yields for apartment investments than standalone houses.
While apartment investments offer numerous benefits, they also come with unique challenges. Understanding these potential pitfalls is crucial for making informed investment decisions.
One of the key considerations in property investment is the principle that land appreciates in value while dwellings depreciate. This is why houses, which often have a large land component, are generally seen as BETTER investment options.
Apartments, especially those in high-rise buildings, have a smaller land component, which can limit their potential for capital growth. However, this does not necessarily mean that apartments are a bad investment.
It simply means that investors need to carefully consider the potential for dwelling depreciation when making their investment decisions.
There are certainly some pros and cons with strata complexes.
When you buy an apartment, you become part of a strata complex, which means you are just one of many property owners. This structure can LIMIT your control over the property.
For instance, major decisions about the building and common areas are typically made collectively by the owners’ corporation, which can sometimes lead to disagreements and delays.
The strata’s complex structure can also limit your ability to change your property. If you want to renovate your apartment or make significant improvements, you may need APPROVAL from the owners’ corporation.
This can be a lengthy and potentially frustrating process, particularly if other owners do not share your vision.
Pro Tip: Before investing, consider an independent property inspector to assess structural issues or potential renovation needs.
High-rise apartment buildings, especially in major city centres, can be subject to the risk of OVERSUPPLY. If many similar apartments come onto the market simultaneously, it can weigh down the capital growth of existing dwellings.
This is because the increased supply can lead to increased competition, potentially driving down prices.
To mitigate the risk of oversupply, investors are often advised to seek out LOW-RISE or boutique apartment complexes, particularly in areas where planning rules cap the number of apartment buildings.
These properties have a higher land value ratio and are less likely to be affected by oversupply.
Additionally, they often appeal to a different market segment, including owner-occupiers who value the sense of community and exclusivity that these smaller complexes can offer.
The location of the apartment complex plays a crucial role in its potential for capital growth and rental yield. Factors such as proximity to amenities, public transport, and employment hubs can significantly impact the property’s APPEAL to renters and buyers.
Additionally, understanding local planning rules is essential as they can influence future supply and demand dynamics.
An apartment complex with a high owner-occupier ratio tends to be better maintained and LESS LIKELY to experience rapid tenant turnover. This stability can enhance the appeal of your investment to potential renters and contribute to the property’s long-term capital growth.
Luxury facilities like pools, gyms, and saunas can make an apartment complex more attractive to potential renters. However, it’s important to BALANCE the appeal of these amenities with their ongoing costs.
When searching for an apartment, be sure to look for investment-grade properties that are well-maintained and appeal to a WIDE RANGE of tenants. A good sign is if the complex has an active owners’ corporation.
Not all apartments are created equal, so it’s important to do your due diligence before investing.
When you buy an apartment, you must pay ongoing body corporate ( to your real estate agents) and strata fees. These fees cover things like building maintenance and insurance and are an IMPORTANT part of your investment budget.
Understanding the full cost of investing in an apartment, including the purchase price and ongoing fees, is, of course, CRUCIAL for maintaining a healthy investment budget.
Underestimating these costs can lead to financial stress and undermine your investment returns.
Despite the challenges, apartments can be a good investment in Australia, offering affordability, high rental yields, and the potential for capital growth. However, like any investment, they require careful research and consideration.
Given the complexities of property investing, seeking professional advice is advisable. A knowledgeable advisor can help you navigate the market, understand the risks and rewards, and make informed decisions that align with your investment goals.
Sources –
Property Manager
Client Concierge
Buyers Agent | Gold Coast
Buyers Agent | Sydney
Buyer’s Agent | QLD
Senior Property Manager/BDM
Buyers Agent | QLD
