I want to sell my principle place of residance in Port Macquarie NSW and buy in Brisbane. I seems Port prices are way down and Brisbane prices are still quite high. Do you expect this trend to reverse any time soon?
Hi Lake innes,
I think a carefully selected property in Brisbane City or a Brisbane suburb will continue to provide good capital growth and ever increasing rental returns. The rent on my new IP in Northlakes Estate in Mango Hill recently went up $30 after 18 months and it will probably go up another $20 at the expiration of the existing lease.
There’s still plenty of people migrating to QLD so demand is high. Have a look at the free Herron Todd White valuers reports to get an idea where Brisbane is at in the property cycle.[biggrin]
Todd Burns
http://www.freepropertyhelp.com.au
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