Sep 27, 2021
In today’s podcast we’re going to take a deep dive into the Brisbane property market with two of my regular guests, Stuart Weymss and Brett Warren.
After a number of years of sluggish growth, Brisbane has been one of the strongest performing property markets over the last year and is likely to continue to be amongst the top performers over the next few years.
Today you’ll hear that recently Pam and I bought a property in Brisbane, as did Stuart Wemyss, and while this isn’t a recommendation that you should be buying in Brisbane as I don’t know your circumstances, I think it will be informative to understand the thought process that I went through.
So even if you’re not interested in buying property in Brisbane at the moment, as an investor I’m sure you’ll benefit from the insights shared by these two experts.
Property Investment in Brisbane
While there are many great property investment opportunities in Australia, the Brisbane property market has been receiving more than its fair share of attention recently.
Brisbane had already been one of Australia’s best performing property markets this year even before it received the news of becoming host to the 2032 Olympics.
So will this add more fuel to the fire, will Brisbane finally enjoy it’s time in the sun, or will it remain the poor cousin to the big property markets of Melbourne and Sydney?
I would like to start with a little disclaimer, there are many great investment markets in Australia, and I believe as you build a substantial property portfolio you should diversify and have assets in all our big capital cities – Melbourne, Sydney and Brisbane. In today’s show, we’re just going to talk about Brisbane.
Pros and Cons of investing in Brisbane property:
The Olympics don’t guarantee house price growth
The direct benefit of the 2032 Olympic Games will vary considerably by location, underpinned by predominantly new infrastructure development projects and the subsequent downstream economic and lifestyle benefits that they provide.
The 2032 Games are expected to support 91,600 full-time equivalent jobs in Queensland and 122,900 nationally. It is often the case that improved labor market conditions result in improved property market conditions, as more jobs lead to greater collective debt serviceability levels, though the broader economy will dictate this, and it will undoubtedly be influenced by the global economy at the time.
The prospect of billions of dollars of planned infrastructure now being brought forward because of the Games will be a big driver of house prices.
Major infrastructure projects tend to have an uplifting effect on property prices as the projects create jobs, strengthen travel links, and improve amenities such as retail outlets and social venues.
What interstate investors need to know about Brisbane
Stuart’s Book – Rules of the Lending Game
Get a bundle of free eBooks and reports at www.PodcastBonus.com.au
Shownotes plus more here: Here’s why I just invested in Brisbane property with Stuart Wemyss and Brett Warren
Some of our favourite quotes from the show:
“We look for locations where there will be strong population growth that would lead to economic growth .” – Michael Yardney
“You can’t assume that you can pull down the old house to build the new house.” – Michael Yardney
“We’re not suggesting you look for a bargain in Brisbane, you won’t find one, it’s a very informed market.” – Michael Yardney
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