Brisbane tops for investment: poll

Brisbane has the best property investment opportunities in Australia, according to a poll released by PRDnationwide.

Forty-five per cent of respondents said Brisbane has the best investment opportunities, while Sydney accounts for 25 per cent. PRDnationwide research director Aaron Maskrey (pictured) said Melbourne followed closely with 17 per cent of respondents choosing it as the investment hotspot.
All other capital cities scored very low – Adelaide 5 per cent, Hobart 4 per cent, Canberra 2 per cent, and Perth and Darwin both only getting 1 per cent of the votes. The survey of property investors around the country considered both houses and apartments. Mr Maskrey agreed with the results that Brisbane was a good choice, having been through the bottom of the property cycle, it was on its way up.
“With a massive population growth, the Brisbane rental market will tighten and experience its first real growth in price for the past couple years, as demand surges ahead,” he said.
Mr Maskrey said he believes Sydney has great capital growth prospects, combined with increasing rental rates – proving to be very attractive to investors. The research director was not surprised Darwin, Perth and Adelaide rated poorly by investors.
“None of these cities have reached the bottom of the market yet, and investors aren’t going to jump in while prices could still go down,” he said.
Mr Maskrey said Hobart should be higher up on investors’ lists. “For comfortable long-term capital gains Hobart is a sure safe bet,” he said. Mr Maskrey believes that Victoria is the state which is furthest away from the bottom of the property cycle and is set to experience solid gains in capital growth.