A quick glance at the numbers makes for exciting reading for Queensland investors. Since 2009, dwelling values in Brisbane have only risen by 7.7%, compared to the massive 59.1% increase in Sydney and 52% increase in Melbourne.
And the growth potential is not the only thing that’s attracting investors and first home buyers.
“Yields are substantially higher than what can be found in Sydney and Melbourne, and affordability constraints are much less severe,” says Cameron Kusher of CoreLogic RP Data.
According to recent CoreLogic RP Data Home Value Index results, Brisbane’s gross rental yield for houses currently sits at 4.5% (third highest capital city in Australia) and 5.5% for units (second highest capital city in Australia). And with a median dwelling price of $452,200, this is cheaper than Sydney, Melbourne, Perth, Darwin and Canberra.
“Of all the major capitals, Brisbane appears to be showing…
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