Property

Melbournians flock to Geelong to buy property

by newsteadrealty

Rising Melbourne property prices have forced Gen Y investors to turn their back on the capital city in favour of the more affordable Geelong.

Realestate.com.au recently released data which revealed that four Geelong suburbs placed in the state’s top 10 most in-demand areas.

Economist Nerida Conisbee said that due to Melbourne’s median price of $730,000 and Geelong’s transport and jobs, the port city’s popularity would continue to soar.

She also added that Gen Y buyers were increasingly looking towards older homes in Geelong with potential for renovation.

“Anything located on the train line [from Geelong] to Melbourne seems to be incredibly popular,” she told www.news.com.au.

“You can get housing like that in Geelong, lots of period homes and older style homes that younger people quite like the opportunity to do up.”

Gen Y’s leading Australian property expert Ayda Shabanz said that as property prices across the country continued to rise, alternative investment locations would grow in desirability.

“Generally speaking, people have a misconception that Gen Y are uninterested in entering the property market but the reality is that couldn’t be further from the truth,” she said.

“A lot of them want to buy property but they have been priced out of entering the market in main areas, which is forcing them towards alternative locations.

“In future I predict first home buyers will continue to look at investment options that they can afford – whether that’s further out or other cities – and rent where they want to live.”

Ayda Shabanz hosts The Road to Property Ownership workshop on Tuesday May 15th 2018 at CUB Club in Melbourne, Victoria. Visit www.growevents.com.au to secure your seat at the FREE event.

Property

First Home Buyers Rapidly Entering The Qld Property Market

by newsteadrealty

Queensland’s first homebuyer numbers have surged 18.5% in comparison to last year, according to the latest PRDnationwide key market indicators report.

Dr Diaswati Mardiasmo, PRDnationwide’s National Research Manager, said 6271 loans were given to first home buyers in Queensland during the September quarter.

“18.5 per cent is quite significant (growth),” she said. “It is not the highest percentage growth across the states but for Queensland it is quite good.”

Whilst Queensland’s property market has become more affordable in the past year, Dr Mardiasmo said other factors were also attracting more first home buyers.

One of which was developers offering incentives which make entering the property market a more enticing proposition.

“I have seen developers where they will match the first home buyers grant accordingly,” Dr Mardiasmo told The Courier-Mail.

“Developers themselves are attracting first homebuyer loans using these methods and because of that it is stimulating first home buyers to actually get into the market.”

Ayda Shabanz hosts The Road to Property Ownership workshop on Tuesday March 20th 2018 at the Queens Arms Hotel in Brisbane, Queensland. Visit www.growevents.com.au to secure your seat at the FREE event.

Property

Brisbane’s Property Prices Expected To Experience Huge Growth

by newsteadrealty

Property prices in Brisbane are expected to rise by up to 20 percent in coming years as buyers from Sydney and Melbourne enter the local market, a prominent real estate figure said.

Speaking to The Courier Mail, John McGrath said Brisbane’s just over halfway in its property cycle meaning local investors stand to benefit from the slowdown affecting southern states.

“There have been huge capital gains in Sydney and Melbourne and not only has it made it unaffordable, it’s certainly made people look for better value elsewhere in Australia,” he said.

Research stated that Brisbane’s average property price was in some cases half of what Sydneysiders and Melbournians are paying, which demonstrates great affordability.

A city on the rise, world-class developments en route to Brisbane in forthcoming years include Queen’s Wharf, Brisbane Live and Brisbane Metro.

Mr McGrath said notable upcoming developments and the fact southerners were being priced out of their local markets would be driving forces behind Brisbane’s predicted growth.

“There’s no doubt in my mind there will continue to be growth in south-east Queensland,” he said.

Ayda Shabanz is hosting The Road to Property Ownership workshop on Tuesday November 14th 2017 at the CUB Club in Sydney, New South Wales. Visit www.growevents.com.au to secure your seat at the FREE event.

Property

Why Are Interstate Buyers Eyeing Off Brisbane Property?

by newsteadrealty

As the price of property in Sydney and Melbourne continues to rise in price, savvy investors from these cities are making inroads into the Brisbane market.

Beautiful one day and perfect the next, Brisbane has emerged as a leading location for investors looking for affordable property close to the CBD.

Co-Founder and Director of Grow Property Group, Ayda Shabanz, said there were several reasons why Brisbane was attracting interstate investment.

“The climate is wonderful and there’s a tremendous focus on living an active outdoor lifestyle in Brisbane so this has resulted in many people wanting real estate up north,” she said.

“The defining factor is that property in Brisbane is generally cheaper and providing higher yields than other capital cities across Australia, which means there’s still bang for buck.”

One popular strategy being utilised by first-home buyers based outside of Brisbane is to buy an inner-city property as an investment in Queensland’s capital and hold onto it long-term.

“When interstate buyers do this they have an option to use equity in their Brisbane property down the track to help them buy a home where they want to live,” she said.

For these reasons Ayda Shabanz said that she anticipated more interstate buyers would look towards investing in Brisbane over forthcoming years.

“There have been major infrastructure advancements in Brisbane and when you couple that with really high yields in property it will continue to be an attractive proposition,” she said.

Ayda Shabanz is hosting The Road to Property Ownership workshop on Tuesday February 20th 2018 at WeWork – Pyrmont in Sydney, New South Wales. Visit www.growevents.com.au to secure your seat at the FREE event.