Why Buy a House in Brisbane?
If you’re interested in buying a house in Brisbane, you’ve come to the right place. From family homes to modern apartments, you’ll find an array of choices in the real estate market. From suburbs with train stations to more traditional houses, there are many options available in this city. Here are some of the most popular Brisbane house for sale. Find out why you should buy one now and why you should avoid others!
First and foremost, it is a bargain compared to other east coast capitals. Prices in the Brisbane market are still low and affordable. In fact, there were predictions for a real estate crash by 2020, but that has yet to happen. With low prices, more people are buying property in Brisbane than ever. And even though the central region is starting to see an increase in prices, this isn’t necessarily a bad thing.
In addition to the city’s affordable housing prices, a healthy investment market has increased investor activity in Brisbane. Interstate investors have been attracted to Brisbane’s rental returns. While prices are down across the board, house prices remain the top choice of prospective home buyers. While apartment prices have plummeted since the lockdown, the risk associated with apartment investments is lower than in houses. A house for sale in Brisbane is still a better investment than an apartment.
Another factor that makes this city such a great place to buy a house is the fact that it has a strong history of hosting major events. Expo 88 in 1988 was Brisbane’s first major event. After the event, the median price of Brisbane houses for sale shot up by 10%, and again during the G20 Summit. This is an incredibly strong market that will continue to grow and develop over the coming years.
One of the most important factors in purchasing a family home is the school catchment zone. For many people, the boundary of a public school catchment makes a world of difference in the price of a property. In fact, some people are willing to pay over 40 per cent of its price just to live in a school zone. As the domain Group’s 2021 School Zones Report shows, house prices in some Brisbane school catchments have surged by up to 40% over the past 12 months.
The median price of a property in Brisbane is another important consideration. You can easily check the median price of a property on the website of the real estate agency you plan to use. The median price includes demographic information and property market data. You can also check out the reviews and ratings of past buyers to see what they think of the property. After all, this is the first time for a house in this area to be on the market since 2007.