Sayre
28 Gallway Street, Windsor
View
Design, Property research | 2 min read
Owner-occupier led apartment design to drive price growth
Peter Bell
17/02/19
A shortfall of 15,500 apartments is predicted by 2023, with current supply absorption driven by a strengthening of the local economy, increasing population and a robust rental market, all of which will help inner Brisbane’s property market transition into a new growth cycle.
According to research by PRDnationwide, the Brisbane apartment market is on a “cusp of change”, with experts predicting a looming under-supply, following an extended period of construction.
A shortfall of 15,500 apartments is predicted by 2023, with current supply absorption driven by a strengthening of the local economy, increasing population and a robust rental market, all of which will help inner Brisbane’s property market transition into a new growth cycle.
Place Advisory Director Lachlan Walker said that developments that focus on delivering high quality product with owner-occupier appeal are set to provide the greatest returns for investors.
“In 12 months our current supply levels will be absorbed and we will be in the same sort of space as 2009, where there’s just nothing around and it will take years to catch that up again.”
“If negative gearing is removed from the landscape as well, then we’re in a situation where good quality product is going to be sold well,” he said.
“The cheaper investment product, which doesn’t really have a secondary market place outside of an investor, that’s going to struggle a bit, but that good solid stuff that investors buy that can be sold back to an owner- occupier in the future, that’s going to be the product that goes really well and continues to see price growth.’’
Originally published via realestate.com.au. Read the full article here.
You might also be interesting in reading...
Brisbane’s property market to outperform Sydney and Melbourne in 2019
Brisbane’s property market has been forecast to outperform Sydney and Melbourne this year, enticing interstate migration with its lower-priced entry points.
Read moreQLD real estate confidence at record high
A new report has found Queenslanders are the most well off of all Australians, thanks to their homes – with half of homeowners in the capital expecting properties to increase in value this year.
Read moreBrisbane is the new city of opportunity
New figures from the 2016 census confirm that Brisbane is following the same trajectory as Melbourne and Sydney in terms of the composition and distribution of the metropolitan area.
Read moreMaximising “effortless advantage” in residential property investment
This is a key factor as to why Brisbane and South-East Queensland represents an appealing market for property investment and development, given its strong vision for the future and commitment to invest in critical infrastructure that will continue to transform the city.
Read moreBuying Resilient Real Estate
Not all property, or the suburbs/zones they are built in, should be tarred with the same brush. There are some key metrics that should be considered when trying to recognise a healthy suburb for your investment.
Read moreSize and functionality in apartment living
The Queensland capital city market is tipped to outperform Sydney and Melbourne this year. An analysis of Brisbane’s development pipeline shows there is a current estimated shortfall of up to 15,500 apartments come the end of 2023.
Read more