Posts Tagged ‘brisbane cbd investment properties’
Brisbane cbd investment properties
Brisbane cbd investment properties have fared significantly better than investment properties worldwide, and indeed better than Australian property generally.
The combination of a continually increasing population and a lack of Brisbane cbd investment property has resulted in an unusually robust local real estate market.
During 2008 there was a modest drop in Brisbane property values overall, as the reserve bank of Australia raised interest rates several times. In combination with a global economic crisis worldwide, many became pessimistic about the real estate investments scene in Brisbane, but 2009 results have been surprisingly good.
Even during the doom and gloom of 2008, unit prices in some Brisbane inner-city suburbs actually experienced double-digit growth, including Newmarket and Wilston. Other suburbs that experienced significant growth included Newstead, Greenslopes, Coorpooroo, Woolloongabba and New Farm.
With Australia’s economy outperforming most other countries over the last 18 months, the prospect for Brisbane CBD investment properties looks very promising during 2009.