Brisbane’s hot property for investors
Dr Andrew Wilson, from Australian Property Monitors, notes according to data released this week by the ABS continued the trend of rising home buyer activity in Queensland evident so far this year.
Investors are also becoming increasingly activity in the Queensland market according to the ABS.
Brisbane’s gross rental yields for houses over the September quarter are clearly the highest of all the state capitals at 5.2 percent. Yields for units are also amongst the highest at 5.4 percent.
With high rental yields, rents on the rise and relatively low median house prices it’s no wonder investors are active in the Brisbane housing market.