Property developers follow Sydney buyers to Brisbane


Source: Financial Review

Apartment developers from Sydney and Melbourne are heading to Queensland following buyers who have been priced out of the southern cities and want to capture value in Brisbane and the Gold Coast.

Half a dozen developers have purchased more than $100 million worth of development sites in the last few months with close to $1 billion worth of apartments planned.

They are aiming to meet the demands of an increasing number of buyers from Sydney and Melbourne keen on entering the Brisbane market which now has the highest yields for apartments in the country at 5.3 per cent according to Core Logic RP Data.

Read the rest of the article

Find out why now is the time to invest.

"Property Investing Unpacked Webinar"

Now on demand and available for you to watch at your convenience.

Master the 2024 property strategies that lead to success.

Learn how to invest based on factual data with our FREE Mini Guide to property investing.

Our track record speaks for itself.

Property investing with OpenCorp.

Investment. Management. Broking.

All of your experts are in one place.

Learn about property investing.