I have done very well out of Brisbane over the last while but that was also before prices increased to the level they are today.
I will still expect to buy properites even in this market but instead o 7-8 per year it will probably drop back to 2-3 while the madness reigns. Many people are saying that prices will contintue to rise (BIS shrapnel) …I guess we will see.
“Character cannot be developed in ease and quiet. Only through experience of trial and suffering can the soul be strengthened, ambition inspired, and success achieved.”
I have 2 properties in Labrador on the Gold Coast that have been great for me in terms of rent return and Capital growth. I bought one just back in April and I just had a valuation done on it as I am buying another IP in NSW. Since April it has increased (according to the Valuation) by $30k.
I beleive there are still bargains to be had along the Gold Coast particularly the Northern end (Surfers Paradise to Coomera). Much nicer lifestyle than Brisbane and only about a 30-45 minute train ride. Just my opinion.
One advantage Brisbane has over Sydney and Melbourne is that is the fastest growing captial city in Australia thus strong population growth to maintain rent returns. The areas immediately surrounding brisbane are the fastest growing areas in the country (Gold Coast, Redcliffe, Sunshine Coast and redland Shire).
This has been occuring for sometime and is likely to continue for a while. Thus I beleive Brisbane is just a valid location to invest as NSW or VIC on that basis.