Brisbane rules. Our winters are less severe than southern capitals, dress shorts are acceptable business attire, you can find a carpark within two minutes of your destination and if you jump into your car and get driving you’ll find yourself at some of the world’s best beaches in no time.
Brisbane property is also top quality. We have a median house price that would barely secure a rancid carport in Melbourne or Sydney. Furthermore, our allotments are so large that scoring a “six and out” in backyard cricket requires a knock Bradman himself would be proud of.
All this said, successfully investing in Brisbane property can be treacherous without a little insider knowledge.
Here are three tips for ensuring success.
1. Life is Different Here
Property Pursuit Buyers Agent director Meighan Hetherington says investors must avoid imposing out-of-town rules on our chilled Brisbane lifestyle. She believes homes benefit from our relaxed outdoor living.
“The important things are the layout of the property and how it flows out to entertaining areas.”
“We’re also not that fussed about having lockup car accommodation — a carport is quite acceptable. I find a lot of push back from interstate investors not understanding that that’s completely acceptable and won’t negatively impact potential for capital growth or the rentability of a property in Brisbane.”
Air conditioning is now vital for renters and owners too, Ms Hetherington said.
“Tenants used to be quite satisfied with ceiling fans, but it’s become a must to have it (air conditioning) installed in about the last 18 months.”
2. Know Your Wants
Character homes differ between Brisbane and other states, according to Ms Hetherington.
“Brick and tile low set on concrete slabs are not as well regarded by owner-occupiers who are hopefully the future buyer of your property and where your capital growth will come from.”
Character Queenslanders up on stumps are the most sought-after, despite potentially greater maintenance costs.
“Properties with the tin roofs and the timber walls and the cracks in the walls and the air coming through the window (joinery) — those sorts of properties. While they look like a nightmare to an interstate investor, they’re probably the ones that are most sought after by future buyers,” said Ms Hetherington.
3. Hill Living is Good Living
Although homeowners in other parts of the country like a cruisy stroll on low-lying property, us Brisbanites love a good ascent (and, of course, corresponding descent). Ms Hetherington said hills are a great aspect of Brisbane’s charm with natural light and improved airflow being great benefits.
“So sometimes those areas that are down flat and quite walkable are the areas that might suffer from flooding or rising water.”
Looking to Invest in Brisbane?
If you are looking to purchase property in a beautiful, relaxed city, a pre-handover inspection Brisbane is vital. Building inspectors Brisbane can ensure that your potential property is of the highest standard and that you’re not paying too much for a property with defects.
Building inspections Brisbane is the best way to ensure you are paying the right amount for your property. A thorough building inspection Brisbane will find if there are any problems that the current owner is trying to hide – ensuring you don’t get caught out in the overall sale price.
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