Sydney & Brisbane Prices Expected to Rise Over Next Three Years
Great news for investment property buyers who are looking to invest in the Sydney & Brisbane residentail property markets. Market forecasters BIS Shrapnel have just released their “Residential Property Prospects 2012 – 2015” report, in which Sydney & Brisbane are amongst the cities expected to be the big winners, showing the greatest growth over the next 3 years.
“BIS Shrapnel senior manager Angie Zigomanis says the number of first-home buyers in the market are slowly returning to normal levels, after falling when the temporary boost to the federal government’s first-home owners’ grant ended.
Mr Zigomanis said lower interest rates and more overseas migrants coming to live in Australia were also indications that some of the negative factors that pushed house prices down in 2010 and 2011 were beginning to turn around.”
Here’s a link to the full article
Looking at the cities that BIS Shrapnel are forecasting to be the best performers over the next 3 years to June 2015. They include Sydney, with forecast growth of 17% and Brisbane with forecast growth of 20%. Here’s a link to our latest off plan properties