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Brisbane Unit Market – Investor Grade Stock

The current housing market within a 10km radius of Brisbane is generally ticking along well, spring has sprung and we have seen an uplift in listings. Units are another story, but it’s not all bad. At present there are many cranes across the inner Brisbane skyline building thousands of units. Although this is causing short term vacancies, the rental market will turn around when absorption takes hold and the market regains balance. Many of the units being built and sold are large complexes and can be categorised as ‘investor grade stock’. This essentially means they were built for purpose to sell to investors.

The Good Brisbane Unit Stock

The inner to fringe Brisbane market contains excellent small complex apartment complexes that are larger in many instances, some with views and some with extra car-parks. These can be attractive to tenants and owner occupiers as they are in more suburban locations with parks close by, but also within walking distance to suburban entertainment precincts. These type of properties will hold there value as they are in smaller complexes with lower body corporate fees, offer something a little different to the ‘investor grade stock’ and are generally in areas that are less densely populated.

Property, Including Units, Are Long Term Investments

Traditionally it is easy to identify Brisbane as a spread out city with less density to its inner areas. With the current levels of new units popping up as mentioned above it was bound to experience some growing pains. If you are the owner of a small complex unit within inner Brisbane, it’s time to hold tight, ride the market and adjust the rent to meet the market if you need to. Remember, property is a long term investment so strategically you need to adopt a long term view.

Contact us for more information and to see how we can help.