The Case for Buying Property in Brisbane in 2019 and 2020
The Brisbane property market has underperformed other capital city markets in recent years. Dragged down by the floods in 2011, a mining slowdown and an oversupply of apartments, it has struggled to gain traction. However in 2019 and 2020, with interstate migration picking up, a large number of big budget infrastructure projects commencing and (as always!) a fabulous and affordable lifestyle, it may soon be Brisbane’s time to shine. According to the Australian Bureau of Statistics (ABS) , strong population growth is forecast for Brisbane, with the city expected to grow from the current 2.4 million residents to over 3 million by 2027. Additionally it is well located as the closest major city to the growing tourist and consumer markets of Asia and the South Pacific. There are 5 main reasons why I believe Brisbane is a great place to purchase property in 2019: 1) Infrastructure Projects and Economy - The Brisbane economy is expected to strengthen significantly over the next 5...