Buying property in Brisbane continues to be a solid choice for expats living in UK, USA, Hong Kong, Singapore and other countries seeking a combination of price growth and strong yields as well as owner-occupiers after value for money.
The Brisbane and entire South East Queensland region continues to see strong population growth, especially over the past 12 months on the back of many people choosing to move away from the larger cities.
With median house prices also around half as much as Sydney, buying property and investing real estate in Brisbane is an appealing proposition for all types of property buyers.
Investors Buying Property in Brisbane
One of the major appeals of the Brisbane property market is the combination of strong price growth, coupled with higher rental yields.
In places like Sydney and Melbourne, rental yields are at the lower end of the scale making it a more difficult place to invest. Many investors have shifted their focus north to the likes of Brisbane, which is seeing a surge in population and strong demand for housing.
Over the past 12 months, house prices in many suburbs of Brisbane have seen double-digit growth and there are now many large banks such as ANZ, Westpac and NAB calling for the same rate of growth for the next 12 months as well.
First Home Buyers
Buying a first home in Brisbane is also an appealing proposition for many given that house pieces are still relatively affordable, and there are many employment opportunities available across Brisbane.
Over the past few years, there has been a clear push from young families moving to Brisbane and its surroundings based purely on lifestyle factors and housing affordability. This is very clear when you compare the cost of housing in Sydney to Brisbane.
First home buyers are also able to access a range of benefits from the state Government, including stamp duty waived on a purchase of property valued up to $550,000 for first home buyers as well as a $15,000 first home buyers grant, for a property valued at less than $750,000.
Buying off the Plan in Brisbane
Many people choose to buy off the plan in Brisbane, however, there are a few considerations when buying a property and investing real estate in this fashion.
While off the plan properties can be a great investment, it’s important to look to buy in well-established areas. The inner-middle ring suburbs of Brisbane or along the riverside suburbs are far more preferable than locations more than 25km from the CBD.
Similarly, smaller boutique developments in and around Brisbane offer some of the best opportunities and it’s recommended that investors and home buyers avoid larger high-rise developments in the CBD or new housing estates beyond the city limits.
In this week`s Q&A, we`re tackling a query from one of our viewers:
"Will I be required to pay 50% more tax on the capital gain from my property sale?"
The Capital Gains Tax Discount, overseen by the Australian Taxation Office (ATO), is a tax concession for individuals, trusts, and complying superannuation funds who sell certain assets and result in a capital gain. This discount effectively reduces the taxable portion of the capital gain, providing relief to taxpayers.
It`s essential to remember that tax laws and rates are subject to change over time. Therefore, we strongly advise seeking guidance from a qualified tax professional to obtain the most current information and personalized advice tailored to your circumstances. Should you have any further questions, please feel free to reach out to us.
#tax #australia #discount #finance #financialplanning #aussieexpats #property #investment #assets #taxplanning #advice #strategy #wealth #building #growth #success
In this week`s Q&A, we will answer a question from one of our viewers.
"How can I further reduce my monthly mortgage payments?"
You can consider several options to reduce your monthly mortgage payments. One is refinancing to secure a lower interest rate or extending the loan term for more manageable payments spread over a longer period.
However, it`s important to be mindful that adjustable-rate mortgages may offer initial relief but could result in potential interest rate hikes later on.
Therefore, it`s crucial to carefully evaluate the long-term impact of each option and consider consulting with a financial advisor or mortgage professional to determine the best course of action based on your circumstances. If you have any questions or need personalized information, please don`t hesitate to contact us.
#mortgage #australia #refinance #finance #investment #realestate #property #advice #strategy #homeloans #mortgagetips #financialplanning #home #future #growth #success #portfolio
In this week`s Q&A, we will answer a question from one of our viewers.
"How can I use debt recycling to reduce my home loan?"
Debt recycling is a financial strategy where you leverage the equity in your home to invest in income-generating assets. However, it`s important to consider the risks involved, such as potential fluctuations in investment returns and interest rates.
Consulting with a financial advisor or mortgage broker can help determine if debt recycling suits your financial goals and circumstances. If you have any questions or need personalized information, please don`t hesitate to contact us.
#australia #finance #mortgage #advice #investment #realestate #property #investor #strategy #financialplanning #wealthbuilding #debtfree #growth #debtrecycling #debtreduction #financialfreedom
In this week`s Q&A, we will answer a question from one of our viewers.
"Will future interest rates create more opportunity for middle-range income earners to invest in property?"
Lower interest rates generally make borrowing cheaper, potentially increasing accessibility to property investment, but the overall economic environment, housing market conditions, and government policies also impact affordability and investment incentives.
If you have any questions or need personalized information based on your circumstances, please don`t hesitate to contact us.
#australia #economy #finance #investment #realestate #financialplanning #propertyinvestment #home #mortgage #advice #strategy #opportunity #growth #financialfreedom
As we navigate the dynamic landscape of the Australian economy, staying informed and engaged is essential. With that in mind, I`m excited to invite you to our upcoming Quarterly Review, scheduled for 20th/21st February.
We will delve into the current state of the Australian economy, shedding light on the challenges and opportunities within the mortgage finance market amidst these extraordinary times.
To secure your spot, please register through the following link: https://rebrand.ly/Feb2024_quarterlyreview
If you have any questions or concerns, please don`t hesitate to reach out.
#australia #economy #finance #inflation #global #wealthbuilding #growth #financialplanning #investment #realestate #strategy #advice #investor #success #homebuying
In this week`s Q&A, we delve into a viewer`s query regarding potential windfalls for Australian expats earning in US dollars.
The value of the Australian dollar is subject to a complex interplay of factors, including interest rate decisions, economic indicators, commodity prices, central bank policies, political stability, and market speculation.
These elements collectively influence the performance of the AUD in currency markets. Notably, Australian expats earning in US dollars may find favourable conditions, particularly when contemplating future investments such as homes or properties in Australia.
The dynamics of these factors could provide a beneficial tailwind, enhancing the potential outcomes for expatriates considering financial moves back home.
If you have any questions or need personalized information based on your circumstances, please don`t hesitate to contact us.
#australia #economy #finance #investment #realestate #currency #growth #strategy #advice #financialplanning #propertyinvestment #2024 #wealth #future #sydney #brisbane #dreamhome
In this week`s Q&A, we will answer a question from one of our viewers.
"Will the Australian Dollar fall further?"
Predicting currency movements is highly uncertain and influenced by numerous factors such as economic indicators, geopolitical events, and market sentiment.
Various factors could affect the Australian dollar in 2024. These include changes in interest rates, global economic conditions, commodity prices and government policies.
If you have any questions or need personalized information based on your circumstances, please don`t hesitate to contact us.
#australia #economy #finance #inflation #currency #investment #financialplanning #advice #strategy #planning #future #wealth #success #investor #currencyexchange #growth #propertyinvestment
In this week`s Q&A, we will answer a question from one of our viewers.
"Will housing prices decline now that interest rates are high?"
While higher rates can increase borrowing costs and potentially dampen demand for homes, the effect is nuanced. High-interest rates may seem like a disadvantage for those who need to take out a loan or buy something on credit, but investors can benefit by planning ahead and investing in suitable types of investments.
If you have any questions or need personalized information based on your circumstances, please don`t hesitate to contact us.
#australia #finance #economy #investment #realestate #wealth #mortgage #firsthome #financialplanning #future #success #property #strategy #sydney
