WHY BRISBANE WILL OUTPERFORM AND RECOVER QUICKER THAN SYDNEY AND MELBOURNE MARKETS
· Last year key economist and industry experts forecast Brisbane to top growth with about 22% over the next 3 years with other markets stabilising. · Late last year and early this year Brisbane started recording growth. COVID impacted markets with most markets experiencing negative growth. · However, local and interstate buyer confidence in Brisbane’s market is helping keep supply and demand in check and resulting in neutral to slightly positive growth. · Additionally, for the reasons mentioned above, Brisbane’s market is forecast to rebound quicker than other markets. · Some of the reasons: Brisbane has pretty much missed two uplift cycles. Also, the disparity between Brisbane and Sydney/Melbourne has never been higher and is unsustainable. · Interstate buyers are trying to avoid local lockdowns and purchase property where COVID is mostly under control. · We are related to a property development company and experiencing this first hand, though there is plenty of supportive independent commentary and hard data available supporting this. · Some of the reasons: Brisbane has pretty much missed two uplift cycles. Also, the disparity between Brisbane and Sydney and Brisbane and Melbourne has never been higher and is unsustainable. As we say…Why holiday where you can … Continue reading WHY BRISBANE WILL OUTPERFORM AND RECOVER QUICKER THAN SYDNEY AND MELBOURNE MARKETS
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