We regularly Poll our clients and subscribers to our monthly newsletter on various issues facing property investors, including the Australian economy, finance / lending concerns, property market conditions etc. – we’re interested to knowing what they think and feel about what’s going on in the market.
Last month we surveyed our readers with this question: which Australian capital city would you invest in property?
All Australian Capital cities of all states and territories were listed in a randomised order so as to avoid any survey bias. There was also an optional comments field that appeared below any given selection.
- Brisbane – 36%
- Melbourne – 21%
- Sydney – 15%
- Adelaide – 10%
- Perth – 8%
- Hobart – 7%
- Canberra – 1%
- Darwin – 1%
- Other – 1%
When asked to elaborate their thoughts regarding the reasons for why they felt Brisbane is for them a good capital to invest in; the feedback was as follows:
- “Brisbane – Appears to have the most factors in place to result in property price growth.”
- “Brisbane typically lags behind Sydney and Melbourne. With a good yield I think it shows the highest chance of an increase in value. “
- “Brisbane is a long way behind Sydney and offers good prospects”
These comments align with what several analysts and pundits are saying about Brisbane, that its current phase in the property cycle, general affordability and market fundamentals points to a higher growth potential compared to other capital cities. A recent housing conditions report by the National Australia Bank (NAB) had this to say:
“The market fundamentals in Brisbane continue to look very positive despite the comparatively weak growth profile. Rental yields remain amongst the highest of any capital city and affordability is far less of an issue than it is in the larger capitals. The overall performance of the Queensland and Brisbane economy is the main factor holding back stronger value growth.”
Did you participate in this Poll? Have your say, take the Poll now.
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Disclaimer: This article contains general information; before you make any financial or investment decision you should seek professional advice to take into account your individual objectives, financial situation and individual needs. Click for more detail regarding this disclaimer.