The latest ‘Missive’ from respected property commentator and researcher Michael Matusik lists a number of reasons to be more positive about the property market – Matusik Missive.
Firstly, he notes that vacancy rates are under 3% in most capitals and are even less in Brisbane. This is good news for investors, many of whom have started to take action, as illustrated by the rise in housing investment loans by 7.5% in December.
Another positive is a significant improvement in confidence as measured by the Melbourne Institute – Westpac confidence survey. Matusik highlighted that the result for Brisbane has turned around from -10%(pessimists) to +27%(optimists expecting a price rise) in three months.
The final key issue discussed in the Missive is a serious potential shortfall in new dwellings required to meet population growth in Brisbane. All this is set against Matusik’s assertion that Brisbane is at the bottom of the property cycle. At Law Property Australia we have certainly noticed that the level of activity in a number of markets has picked up.
Remember, not all markets are the same. You should not wait for the entire Brisbane or Queensland market to improve before you act. There are land estates and townhouse projects selling out before completion in some areas of Brisbane.
You will find a selection of the new home opportunities we have available at our New Home Options page.