As per my blog a few months ago, we are seeing Sydney and Melbourne’s markets continue to rise although stabilising this month. It is largely the properties that fell post-2017 that have bounced back and are still likely to get back to 2017 levels in the next year or two but not much more.
It is the Brisbane market that has been held back for so long that seems to be lining up the ‘bounce back’. CBA is calling only 4% in 2020, where SQM are calling 4%-6% and others like BIS shrapnel are calling 20% over 3 years.
My prediction is that Brisbane may go as much as 10% in 2020 and probably around 40% over the next 3 years. History says when Brisbane runs it grows 80%+ but I believe lending conditions and economic tightness will keep it to 30% – 40%. Let’s have a beer at the end of 2022 and see who is closest.
My most recent and my next property purchase are both in Brisbane and that is for a reason… capital growth with the security I’m buying into one of the best yields in the country.
With dual key yields around 6%-7%, you are being PAID to buy property now. If we are talking NDIS options we are over 12% but that is a longer story.
Enjoy the blog post below and please make sure you rattle my cage and talk about your own plans before the year is out.