When it comes to the property market, things are always far more complex and nuanced than the fifteen-second prime time soundbites would have you believe.
So it’s really not surprising that the headlines warning about the “dangers” of a Brisbane apartment market oversupply miss a key, quantifiable fact – and that is that so long as you know where to invest (and which types of properties to look for), Brisbane is one of the strongest Australian capital cities for investors.
Even better, it looks set to stay this way.
At Mosaic Property Group, we invest extensively in independent research to guide our development decisions and long-term strategy. We want to offer buyers like you strong growth prospects and returns, and the only way to do that is to stay informed and use that information to keep “ahead of the pack”.
This responsiveness to the research is the main reason that, a few years ago, we opted to remain quiet on the Brisbane scene for a time. We recognised the warning signs in our research that indicated that the fundamental markers we look for when assessing an opportunity were simply not sustainable.
So we rode out the wave and focused on investing in developments in other areas that the research clearly indicated would suit our investors.
What does the research say now?
Recently, our independent research has firmly indicated that there is a renewed and exciting demand for boutique Brisbane apartments.
It’s become clear from the numbers that the existing oversupply in Brisbane’s apartment stock is centred in the inner city. (And in fact, this oversupply is likely to be absorbed by the market by the end of next year.)
Meanwhile, in under-supplied Brisbane locations outside the inner city, there is a huge demand for larger, high-quality apartments. Which means that if you’re interested in investing, the prospects are looking great!
You’ll be glad to learn that it’s not just our research that’s saying this, either. Paul Riga from Urbis has identified that rental yields in Brisbane are sitting at a healthy 4.5 per cent – well above Sydney’s 3.8 and Melbourne’s 4.0. This is great news for the short- and medium-term strength of the rental market.
Similarly, CoreLogic’s Tim Lawless has gone on the record to say that the market has strengthened. While he acknowledges issues with oversupply in some areas, he also identified “good signs” in the Brisbane apartment market for investors.
Brisbane’s latest hot property
With the research firmly backing our renewed confidence in the Brisbane area, Mosaic is currently moving ahead with two new exciting Brisbane developments.
Nestled in the ever-popular and ultra-convenient Brisbane suburb of Indooroopilly, VIVE is a great testament to the renewed strength of the market. Having only released the development last week, we already have a full waiting list of investors and owner occupiers interested in buying!
There are 42 luxurious and spacious two- and three-bedroom apartments on offer in this beautiful city-fringe development in Upper Mount Gravatt, although around half of these are already spoken for by existing Mosaic customers.
The other half will be released next week, so there’s still an opportunity if you want to get in quick! Registering your interest in CURIO won’t put you under a contractual obligation to buy (no one moves that fast – not even us), but it’s the only way you’ll have a chance at getting your hands on your piece of this exciting development.
Read the research for yourself
Now, we could be all “cloak and dagger” and whisper mysteriously to you about how “the research” is showing exciting signs for the Brisbane apartment market.
But that’s not the way we do business at Mosaic.
Instead, we invite you to check out the research for yourself and decide for yourself if Brisbane apartments represent an exciting investment opportunity again.
Our Brisbane Apartment Supply Analysis eBook outlines the research, methodology, and findings from the extensive and exhaustive investigation that has prompted our return to the Brisbane market.