Experts are all tipping rates will hit even greater lows before they climb back up next year.
Queensland real estate market will be the one to watch in 2015, as it enjoys stronger market conditions in both Brisbane and regional centres.
The hot housing markets in Sydney and Melbourne are helping to drive demand in the Queensland capital, along with lower interest rates. This is because yield-hungry investors, who are being priced out of Sydney and Melbourne, are now looking north, where it’s still possible to buy investment properties for less than $180,000 in Brisbane’s south.
This demand is now starting to drive up values in some Brisbane suburbs, a trend that I expect to continue throughout the year, especially if the Reserve Bank decides to cut rates early in the year. But while market conditions are very much improving in Brisbane and on the Gold Coast, investor money is also starting to chase further afield for the prospects of capital growth and decent yields in some of Queensland’s regional centres.
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