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City numbers add up for investor rebound

By Mackenzie Scott - The Australian - Page 25

Brisbane is emerging as a strong option for investment as steady price growth and decade-low rental vacancy rates bolster the city’s prospects.Luxury developers are bringing more penthouses to the market in a bid to appeal to cashed-up local and expatriate owner-occupiers.
 
The city has long proved more affordable than its southern counterparts, and has experienced a significantly more conservative downturn than Sydney and Melbourne. With the market now in growth mode, Brisbane is well placed for a stable increase in the short to medium term.
 
Place Advisory’s latest research report examining the east coast markets suggests the fundamentals are right for growth. Report author Lachlan Walker said Place Advisory was expecting price growth of 6-7 per cent over the next two years.
 

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