Foreign investors are “buying blind” into the Brisbane property market right now.

Property prices in Sydney and Melbourne have increased sharply over the past several years, and while the markets have calmed down, many investors from the south have followed the sun north in search of more affordable property investment prospects in Queensland.

What Out-of-State Property Buyers Are Doing In Brisbane Property Market

A growing number of Sydney property buyers are reportedly purchasing Brisbane home or investment property without taking any due diligence with buyers agency Brisbane in purchasing proccess, instead relying exclusively on property pictures and words-or-mouth. 

Also, they are making poor property investments choices due to a focus on cost rather than location. It’s amazing how much you can do and how many flaws you can hide when you have a nice camera and know how to use it.

Those who have relied only on buyers agent choices or sellers agents images have made some terrible mistakes, such as an investment property purchasing would have been done because they thought it had a spectacular view (it did, but only from the bathroom) or the pictures shown.

The takeaway here is that in buying property, don’t buy a property unseen unless you have a reliable intermediary (Brisbane buyer’s agents) examine it beforehand.

Suggestions For Making the Best Property Purchase in Brisbane

Let’s look at some important criteria for selecting a solid Brisbane investment property.

Acquire an Investment Property for a price lower than its value.

Since at Buyers Agency Brisbane, we only encourage property buyers to make purchases at prices that are lower than their fair market worth, not to buy anything brand new or off the plan. Nevertheless, you shouldn’t settle for a “cheap” home, though (there will always be cheap properties around in secondary locations).

You want to find an affordable home in a desirable location. Homes that are less than aesthetically pleasing but are in good or excellent locations should be given serious consideration.

Solid houses on plots between 405 and 600 square feet make the middle-ring suburbs of Brisbane property market an attractive option.

Put your money into a property that will produce above-average returns.

To maximise your return on investment in the property market, Brisbane buyers agents do recommend you should target a region that has consistently outperformed the norms for capital growth over a significant time period. These suburbs attract a high concentration of owner-occupants because of the variety of housing options available there.

Our Brisbane buyers agents do advise that you should try to settle in a suburb where earnings are growing faster than average, giving you more money to spend. This means that the residents are both able and willing to pay a higher-than-average price to call the location home, providing a solid economic foundation for your rental investment property.

To some extent, this is also gentrification.

As a result, middle- and upper-class people are relocating to neighbourhoods that were once associated with lower-income workers and investing their money in the form of new restaurants and house improvements.

Some inner-city Brisbane neighbourhoods, such the southern Annerley and central Woolloongabba, are experiencing this now.

Make a creative investment and purchase a property with a “twist.”

For a potential investment to make it onto my shortlist, it must have some distinguishing feature that sets it apart from the others. So, when researching the Brisbane property market, keep “special” houses in mind.

These might be homes with unique architectural features like Queenslanders or art deco condos, or they could just be in highly sought areas.

Remember that one-of-a-kind homes might be more costly to purchase and maintain, but that they also tend to have higher returns on investment over time. Always keep in mind that the scarcity factor will lead prices to rise if demand exceeds supply.

Invest in a place where capital appreciation may be stimulated.

An excellent investment is one that can be renovated or redeveloped to generate capital gains. Tens of thousands of properties, for instance, have the potential to improve in value with very inexpensive upgrades.

Though I don’t think investors should follow the “buy, remodel, and sell” attitude since the potential for profit is low, buying and holding your investment property after renovation is a good strategy if done right.

In this scenario, you buy a home cheaply, put some money into fixing it up, and hold on to it as a long-term investment. Improved rentability (your property will be more appealing to a wider range of renters), greater rent, and “manufactured” equity are all results of adding value to a property.

So, what does this mean?

All the pieces fit together for us at Buyers Agency Brisbane. The economic climate is brightening, the population is expanding, new facilities are being built, and prices in Brisbane property market are still low.

Choosing the correct home to purchase might be difficult, but that’s where our Brisbane buyers agency comes in.

How should you invest at this exciting time in the property market?

Many people in your position have undoubtedly been thinking what the best course of action is right now. In other words, should you purchase, sell, or hold off? Our team at our buyers’ agency in Brisbane is here to help you every step of the way.

Any investor, no matter how inexperienced, may benefit from working with Buyers Agency Australia’s multi-award-winning staff because of their commitment to providing a comprehensive strategy for building wealth.

Services we provide to our clients that aid in the creation, preservation, and transfer of wealth include:

Help you make the most of your property investment with our strategic property guidance. When you plan, you bring the future into the present, where you can take action on it right away. Learn more by clicking the link.

Buyer Agency Brisbane – We are Australia’s most respected and the best Brisbane buyers agency, and we’ve helped our customers make billions of dollars via successful transactions.

Our local experts at Buyers Agency Australia in Melbourne, Sydney, and Brisbane have invaluable firsthand knowledge and insight that can’t be bought. You can definitely find a great place to live or a lucrative investment with our assistance.

Conclusion

To know the best timing for the right property in the Brisbane property market, and when to take the best opportunity in property purchase, our buyer’s agent recommends that you follow the right approach for your dream property. Contact the best buyers agency Brisbane for the best results.

At buyers agency Australia, we always have the interest of our clients at the centre of our operations. Working with our experts at Buyers Agency Brisbane, you can be rest assured you are getting the best deals.

Related: How to Get the Best Melbourne Buyers Agent on Your Side