Post a Comment On: Brisbane Apartment

In talking with people in the real estate industry in Brisbane recently, it seems to me that the market is relatively flat. At some open homes for houses in the $600,ooo price range, only 1 family will turn up for an inspection. Off the plan sales for apartments are, for the most part, slow. Prices are relatively stable for apartments. It is not a booming market at present. On the Sunshine and Gold Coasts, the market is very dead.
There are pending risks that may dramatically impact investment apartments in Queensland:higher interest ratesrisk of lower numbers of overseas students and tourists visiting Australia (including due to the higher Aussie Dollar)The review of the Australian Tax System, due within weeks, which will likely impact the treatment of capital gains for real estate, and probably recommend the removal of negatively gearing of losses from investment properties to offset income tax from income earned from other sourcesdifficulties in obtaining investment loans, and the banks requiring a higher deposit for investment property loansincreased school fees, which impacts the ability of many families wanting to invest in propertyincreased body corporate fees and rates, making returns lesspoor performing vacation rentals and low vacation rental returns, often less than 2% net returns