Buyer’s Agent Specialising in Brisbane

The future, it’s pretty much going to be like the past, opportunity mixed with difficulty. Jim Rohn

Just because not many appear to pay attention to the true wisdom of Jim Rohn’s quote it’s time to weigh in with some quality crystal ball work for the forthcoming calendar year.

We happen to be quite positive about the future of Brisbane residential prices in 2013, hardly surprising perhaps but there are a few key themes that point towards a modestly healthy year or better for Brisbane.

1) Interest rates: The cost of money has a correlation with what happens to asset prices, you offer people cheap money, which we have in an environment of a low cash rate and somewhat stable credit conditions, and there is pressure for the price of assets to rise.

2) Relative value: Brisbane is excellent relative value compared with most Australian capital cities, this is much closer to math than opinion and can be measured in yields, employment and population growth. Brisbane is relatively cheap on a historic basis compared with Sydney and Melbourne which helps provide a lot of the migration numbers to QLD

3) Yields are rising: The rental market has been healthy, very healthy in parts. As rents (yields) increase and the cost of money decreases…. good things can happen (from an investors point of view)

As will all predictions, time will tell and we promise to dust off the crystal ball in January 2014 for a jolly good ‘I told you so!’

More on the same theme:

Predictions for 2012 from Peter Martin
Just replace 2012 with 2013 and it’s still full of robust predictions.

Is 2012 a good time to start investing?
Same as always. If not now then when?

Have a wonderful 2013 everyone, make it your best year ever.

About the author

Allen Buyers Agency

Allen Buyers Agency

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