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Further upturn expected for Brisbane property

By James Brown

Price gains are expected to continue across most parts of the national property market, with Brisbane's emerging upturn looking set to continue.

The Residential Property Prospects 2014 to 2017 report from BIS Shrapnel explained how capital cities have seen more people looking for their perfect property as a result of historically low interest rates.

This could mean that if you have your eye on houses for sale in Elimbah you might not be alone, as the report also suggested that affordability is working in the buyer's favour at the moment.

Although prices might have risen, Angie Zigomanis, BIS Shrapnel senior manager and study author, said properties are still in high demand and affordable enough to make you want to enter the market.

Mr Zigomanis has seen a rise in the number of buyers searching for their next investment, as opposed to those hoping to purchase property for the first time.

Queensland is expected to see the strongest conditions in the near future, especially as vacancy rates are low and there is high demand for top quality properties.

BIS Shrapnel believes the cash rate will start to rise next year, so there's not much time to make the most of the all-time low rate of 2.5 per cent.

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