Brisbane has a unique situation when it comes to real estate industry. Prices are still relatively affordable and many young couples find Brisbane to be their ideal place to buy a new home. Investment property sector is starting to boom as well as lifestyle-based purchases.
Of all the major Australian capitals, this past decade Brisbane has consistently had the highest inter-state net migration. Whilst new overseas arrivals tend to gravitate to either Sydney or Melbourne, for the tens of thousands of Australian residents who relocate inter-state each year, it is Brisbane that benefits from the greatest influx in percentage terms.
This influx, combined with the relative current housing price affordability it has compared with Sydney, Melbourne and Perth, makes Brisbane fundamentally attractive as a real estate investment destination. Brisbane is currently Australia's third largest capital, but given the continued growth trend of the past ten years, it has been tipped by some experts to possibly overtake Melbourne as Australia's second most populous city within three decades. This augurs well for long-term property investors."
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