Invest Australia, along with a string of industry experts, are looking at Brisbane as the top-rated destination to invest in property. Pipping former capital favourites like Sydney and Canberra, Brisbane is showing immense growth and development.

In line with Invest Australia’s intention to introduce you to property opportunities between R4 million and R5 million (approximately AUD$500 000), a recent Finder RBA Cash Rate Survey reveals that industry experts nominated Brisbane as the best city to invest AUD$500 000 in property. This is as a result of the continuous home price escalation seen within Brisbane. BIS Oxford Economics forecast Brisbane’s median house price to jump by 20% by 2022, compared to other regions such as Sydney, Melbourne, Perth and Darwin are seen to only achieve only 7%.

One of the key features positively affecting the Brisbane market is the price-point. Brisbane’s property market is more affordable than Sydney and Melbourne. To date, you can expect to pay as much as approximately AUD$980 000 for Sydney property, while Melbourne is currently estimated at AUD$760 000. On the other hand, Brisbane may be lower price but seeing greater growth. Currently Brisbane property is around AUD$552 000 and is expected to rise to AUD$665 000 in three years’ time.

Location is always key in any property investment, whether in South Africa or offshore. Invest Australia will be focusing on regions such as Brisbane, that are on the rise and experiencing above-average capital growth.