I was just in Brisbane this week looking at a range of projects and I can tell you there is a real buzz on the ground. With the rush that occurred last year, and developers selling out of their residual stock, it is getting harder to find the premium opportunities that offer value, stability and certainty.
We managed to identify several opportunities that we are excited to present to our clients, but we turned many away due to insufficient support, lack of a strong investment case and a general feeling of being underwhelmed by some projects and developers “lazy” attitude towards design and functionality.
We constantly strive to improve standards and the quality of the projects we recommend to our valued clients. We always look for a point of difference, value add and strong investment case which provides us and our clients with long term certainty.
The Brisbane market overall continues to perform well, with house and apartment rents going up. According to Corelogic and realestate.com.au, house rents increased 2.4% last year while the cost of leasing an apartment rose 2.6%.
This would indicate a great time to be investing in the Brisbane property market as we believe rents will continue this upward trajectory as supply diminishes and demand continues to increase and soak up what is available.
Many developers have land-banked their larger sites meaning supply has reduced and we believe this shortage will become evident in the next 12-18 months.
More investors are leaving the market because of what they read in the press, which is great news for the Centaur Group because it means we can negotiate incredible deals on behalf of our clients which were simply not available when a market is experiencing robust sales activity.
We believe a long term strategy is a good one when investing in the property market, and those clients who follow our instruction and jump in now while others are refraining, will see massive upside benefit down the track.
Of course care must be taken, and there are still some issues that must be navigated to avoid making a bad decision, but if research and due diligence are part of your decision making process then we believe now is the time to get involved.
If you would like to have a no obligation free chat about the market, your current position, hopes, dreams and goals we would love to hear from you and together we can determine whether it is the right thing for you to do.