Post a Comment On: Brisbane Apartment

The headline in a story today in the Courier Mail property advertorial section:  "Smaller may have big future".  Some points made in this article:
Buyer demand for new apartments in Brisbane is for smaller apartments Owner-occupiers prefer larger apartments But in the current market, most of the new apartment buyers are investors (about 85% of buyers) and investors are very price sensitive at present. "With no desire to live in the property they are buying, they are purely looking at the return, and the best returns can currently be found in one-bedroom apartments." In the current market, one bedroom apartments range from 45 sqm to 52 sqm and are priced from $345,000 to $425,000. "The ideal mix [for a new development] is 70% one bedroom apartments and 30% two bedroom apartment." My strategy is never to buy an apartment that I would not live in myself.  I would not live in an apartment that was less than 70 sqm.  When owner occupiers decide to buy, there will be a shortage of larger two bedroom and three bedroom apartments in Brisbane.
In another article today, Matusik says that Brisbane's CBD has 24% few apartments on the market compared with this time last year.