Brisbane dwelling values have increased by 7% for the past year with a median price of $455,000 – sitting below Sydney, Melbourne, Perth, Darwin and Canberra, according to RP Data. These factors have been heavily enticing investors, with commentators describing Brisbane at the early stages of its price cycle.
Now that investors are turning their sights to Brisbane, it brings us to our next question: Houses or Units?
Houses in Brisbane have a median price of $480,000, while Units are at $385,000. Both investment property types have their own perks, depending on what your goals are. House price growth has increased by 7.2%, so go with houses if you are after getting the most out of your investment’s capital growth. Units meanwhile, grew by 5.4% and have the second highest yield in all capital cities, after Darwin. Units as of this time offer better value, as strong demand for units in the area provide investors with a steady income stream.
Read more about this on the Property Observer website.