It seems the Inner Brisbane property market has not gone through the same down turn as Sydney and the rest of NSW. Is it just a matter of time before the downturn hits Bris? or will it hold onto its fairly boyant house price?
Originally posted by lakeinnes:It seems the Inner Brisbane property market has not gone through the same down turn as Sydney and the rest of NSW. Is it just a matter of time before the downturn hits Bris? or will it hold onto its fairly boyant house price?
If you are talking about inner Brisbane you probably mean the apartment market.
There was a huge oversupply in this market for the last few years and it was fully priced. Little room for growth.
But the oversupply has now decreased – only 4 months of supply overhang the market today, as opposed to a huge surplus a year ago.
There are still investors and owner occupiers buying. There will be an oversupply of the upper end apartments as a few buildings come on stream.
We see better capital growth opportunities in the inner and middle ring suburbs of Brisbane rather than the inner city
Michael Yardney
METROPOLE PROPERTIES
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