Where to invest in 2020?
- By Peter Gordon
- •
- 06 Feb, 2020
There is no doubt about it, the property market has completed a very quick about face since June 2019 and it’s been full steam ahead ever since. The general media who have been talking down the property market since late 2017 might have to bite their tongues, because the doom and gloom they were predicting is now over in many of Australia’s leading property markets.
Where are we heading in 2020 and beyond?
Sydney and Melbourne are well and truly in recovery mode with prices bouncing back and demand for quality rental properties increasing. Sydney is Australia’s largest capital city and has always shone brightly as a star performer in the property landscape. But affordability and rental yields are well behind other capital and regional cities
Melbourne and Victoria are the stars when it comes to population growth due to national, international migration and natural birth rates. Melbourne’s population is growing by a staggering 2,200 people per week. It’s affordable, it’s liveable, and they are building a city for the future and connecting it to established regional centres. It’s also been rated one of the most liveable cities in the world.
Brisbane, looks like it’s about to shine brightly with over $30 Billion being spent on infrastructure by 2025. This is long overdue and what this city needs. The Government is creating a city that is more than just the capital of the Sunshine State. With its median price well below Sydney and Melbourne, it’s affordable, its vacancy rate is below 3%, and the government is investing capital in all the right areas.
Investing in cities is all about investing in the right suburb, in the right market, at the right time and most importantly in the right type of property.
When you are thinking of where to invest, don’t invest in the average.
If you would like to catch up for a coffee and a chat about your investment property goals contact the team at Investo now or you can preview our properties here.
| Quiet simply, the Palms is the place to buy! |
Sydneysiders and Melburnians, put aside your equally outstanding flat whites for a moment. Stop bickering about whether great beaches beat cool laneways (they do) and desist from debating whether all baristas require waxed moustaches (ideally).
Because Brisbane is closing in on the title of Australia’s best city, and we must join forces to keep this subtropical upstart in its place.
Time magazine recently named Brisvegas on its “World’s Greatest Places” list, and omitted our cities. It’s a huge shock (and who knew they still published Time magazine?). But they might be onto something.
Time points to the 2032 Olympic and Paralympic Games, which will be hosted in the maroon metropolis. Brisbane will do a fine job, even though it’ll baffle the world when rugby league is added to the schedule and Queensland is allowed to field its own team.
Time’s most radical claim is that Brisbane is worth visiting now, but tourism is surging. Not only did Lin-Manuel Miranda recently drop in to catch Hamilton , but hundreds of Hamilfans flew up to watch his interview with Leigh Sales (presumably unaware that it would subsequently arrive on iView for free).
A leading local agent has appraised each side of these duplex's to be worth $665k on completion and rent for $495 per week. So that is massive potentail instant equity of up to $390K on completion, which is incredibly hard to find.