SOUTHERN investors are buying up bargains in Brisbane fuelling the recovery in the city’s property market in a bid to get more bang for their buck.
With prices booming in Southern capitals and forcing out house hunters, Sydneysiders and Melbournites are turning attention north and splashing the cash on Brisbane homes.Real estate analysts and agents say the interstate investors are leading the recovery in the Brisbane property market as they embark on shopping sprees through our sought-after suburbs.
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Real Estate Institute of Queensland chief executive Anton Kardash said investment from interstate and overseas had been a “significant proportion” of the recovery in Brisbane’s market.
“The investor market has been the one, particularly in the sub-$350,000 and sub-$400,000 range, that’s really been keeping the market very much alive over the last probably 18 months,” he said.
He said despite moving into a “growth phase”, there was still “very, very good buying” for investors across the south east corner.
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