Elizabeth Tilley 10 JAN 2019

BRISBANE’S housing market is slowly giving the keys back to landlords, with new figures revealing the city recorded its strongest annual rise in rents in three years.

After months of flat growth in rental properties, analysis of the latest CoreLogic data by realestate.com.au shows house rents increased 2.4 per cent in 2018, while the cost of leasing a unit became 2.6 per cent more expensive.

Industry experts say the data shows now is the time to buy in the Brisbane market. Realestate.com.au chief economist Nerida Conisbee said the only way was up for rents in the city from here on, as underlying demand in the Brisbane market began to absorb rental supply, putting upward pressure on rents.

“Now is actually a good time to look to buy because we are looking to see further increases in rental levels,” Ms Conisbee said. “The reason being we have fewer new developments going ahead and also fewer investors in the market.”

“Queensland is also attracting a lot of people, so there’s going to be more homes needed,” she said.”
The state’s improving economy, relative housing affordability and rising job prospects would further entice investors to head north, Ms Conisbee said.

Rental yields are also improving for both houses and units.

https://www.realestate.com.au/news/thinking-of-buying-a-home-nows-the-time-to-make-it-happen/

Queensland's double-digit growth suburbs are revealed: REIQ

Almost 70 Queensland suburbs delivered double digit house price growth over 12 months to June, according to the latest REIQ research from the Queensland Market Monitor report.

There were 11 suburbs that reached an annual house price growth of more than 20 percent.

A main focal point of Silverhall’s research are precincts within the Ipswich LGA. Spring Mountain near Ipswich grew over 103%, with 5 other suburbs enjoying double digit growth. There was more success all along the Queensland coast.

REIQ CEO Antonia Mercorella said while many headlines predicted doom and gloom for the property market, the reality was very different with many markets in Queensland performing exceptionally well.

“A total of 68 suburbs throughout Queensland have delivered double-digit growth over 12 months, which is a really strong result,” Mercorella said.

“And there are m any more suburbs delivering strong single-digit growth. It’s a great market to be in at the moment.”

A total of 41 suburbs in the southeast corner dominated the list of top performers for capital growth in Queensland, comprising around 60 percent of all 68 suburbs included on the list.

Recent key reports by leading industry experts on the performance of suburbs within the SEQ property market, include all of Silverhall's researched areas. These rising suburbs are listed as identified by Silverhall’s research since 2015.

Silverhall’s research identified this location as an investment hotspot in 2016 with many clients wisely investing in the area to date. There is still substantial growth to occur. We seriously see this location in a similar way we forecasted the growth of the North West and South West of Sydney with the extensive employment growth and infrastructure investment.

Strong migration into Queensland has helped house and apartment prices in Brisbane stay in positive territory. Two million new residents and close to a million new jobs over the next 20 years, plus a bold proposal for a rapid rail network - all highlighted by the Courier Mail's incredible new feature series 'Future South East Queensland'.