More bang for your buck in Brisbane!
Property markets around the country are still finding their feet a little in the wake of the election result and relaxations by APRA. Some will respond more dramatically than others, and there are more factors at play than simply politics and finance, but it does seem as if there is a little more confidence among the property people we deal with. This month, Herron Todd White's residential teams are tackling our regular Month In Review July theme on where to invest a lazy $500,000 in locations around the nation. Not only do they give their take on the best places to park this amount, but also look back on last year's advice to see how markets have changed.
Wandering around the Brisbane residential property scene with a lazy $500,000 to spend will get you some attention, but being slightly below our capital city median (which is somewhat close to $600,000), your choices in 2019 are more limited than they were a few years back. That said, our market has been attracting new residents from Australia’s more expensive capitals in increasing numbers. We have so much to offer and $500,000 provides reasonable options for anyone who wants to take part but didn’t just sell their Sydney-based, tax-free home for loads of cash. A great example of what you can jag at $500,000 in Brisbane is a basic, semi modern three-bedroom, one-bathroom house on a 400 to 600 square metre block in Hemmant, Tingalpa or Wynnum West.
To read more about Brisbane's best buys, head here. You'll find Brisbane on page 41 of the report.