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High hopes for Queensland property prices

By James Brown

Queensland has been a major investment hot spot over the past few years, and recent predictions suggest this status isn't likely to change any time soon. The winter 2015 edition of the National Australia Bank and CoreLogic RP Data Australian Housing Market Report reflects on how well values have performed, as well as which direction they are heading in.

Figures from the CoreLogic RP Data Home Value Index show that Brisbane's home values increased 2.2 per cent during the year to April 2015. Analysts pointed out that this was the third-highest increase in capital city home values in the entire country.

Investors might benefit from taking a closer look at houses when they approach their real estate agent in Caboolture. The findings revealed that house values have risen 2.3 per cent over the past year, compared to just a 0.7 per cent increase for unit prices.

Of course, investors will be interested to find out about how properties in the Queensland capital are expected to fare moving forward. The Residential Property Survey forecasts a 3.3 per cent increase in house prices between now and March next year.

Meanwhile, capital growth is forecast to reach three per cent by the end of this year. Although the city may not have witnessed some of the considerable increases that have been seen in other capitals, it nevertheless offers a steady investment choice to anyone entering the market.

There is also good news for investors, as SQM Research revealed earlier this month that the number of properties available for sale had increased across Brisbane. The group revealed that between April and May, the number of listed homes increased 5.5 per cent.

This opens up the potential to find more property in Caboolture and the surrounding areas. With more homes being constructed, it is likely that the options are only likely to increase further.

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