Post a Comment On: Brisbane Apartment

The Brisbane inner city apartment market is somewhat strange at present.  Some points to note:
I mentioned in a recent post that there were fewer apartments listed for sale than in recent times.  That is the case for resales of existing apartments. There is a large potential increase in the number of inner city apartments, due to a large number of high rise apartments being developed. With spring, more apartment owners are likely to list their apartments for sale. Rents are down, vacancy rates are up. Sydney and Melbourne are or have boomed.  Brisbane has not.  It is still behind its peak 5 years ago. Future capital growth is uncertain, but apartments are currently selling at good prices due to lack of stock available and low interest rates. My prediction is that in 3 months time, prices will decrease slightly.  So now may be a good time to sell, but an uncertain time to buy.