Brisbane Property Market Valuation

If you have been wondering what the next financial year holds in store for the residential property market in Brisbane, especially in light of COVID-19 and other recent developments, you are most certainly not alone. Both investors who are interested in overall price levels and individuals who are concerned about their home value have been searching for answers to this question. Whilst nobody, no matter their pedigree and experience, can predict where future market valuation levels will end up, we would like to share with you our own thoughts on what might happen over the next 12 months.

Potential Brisbane Home Value Movements This Financial Year

As property investment professionals with decades of experience in the local housing market, we have a keen interest and understanding of local house price movements. While we cannot guarantee that our predictions will pan out, we wish to present our views on the market this year in the hope they may help you to feel more confident about your home value estimates and future investment decisions.

Let History Be Your Guide – The first point to note is that residential property prices have historically proven to be quite resilient during times of economic crisis and there is no reason to suspect that this will not be the case in the current economic crisis too. The Australian GDP may have taken a big hit, along with share prices, but the market valuation for many properties in Brisbane is unlikely to replicate these large falls.
Compare Brisbane to Other Popular Areas for Property Investment – When seen in isolation, the outlook for Brisbane may not seem to be particularly rosy but it is important to consider the Australian property market as a whole. The average market valuation for properties in Sydney and Melbourne is currently unattractive as far as many investors are concerned, whilst prices in Brisbane and the surrounding area remain relatively appealing. Kallangur property, for example, is still well under the national average market valuation and with new developments planned in the area, it looks like one of the more attractive spots for property investment over the next 12 months.
IMF Predictions – The IMF has predicted that the Australian economy will suffer a contraction of more than 6% in 2020 but it has also predicted an expansion of over 6% in 2021. With this in mind, the longer-term outlook for Brisbane is likely to be considerably better than many are currently predicting. This could turn out to be a very good year for investing in retrospect: a 6% expansion in the Australian economy next year would see the country outperform most others across the globe quite comfortably.

If you are interested in finding out the current market value for your property or obtaining a professional opinion on the likely future direction of home value levels in your neighbourhood, please feel free to get in touch with us at any time. We can also help you to find attractive residential property investment opportunities in Queensland.