-
Brisbane, Australia has won the right to host the 2032 Olympic Games, becoming the third Australian city to host the Olympic Games after Melbourne and Sydney. Since the announcement of the Australian Olympics, Australia has become the focus of the overseas investment market, with Brisbane property prices continuing to rise. If you are interested in buying a Brisbane property, here are 3 things you must read before entering the market!
-
1. Carefully select the area and location of the property, considering various important factors
In order to win the right to host the Olympic Games, the Brisbane government has invested a lot of money in recent years to improve local transportation and infrastructure facilities, such as the opening of the second runway of Brisbane International Airport and the creation of a high-capacity public transportation system Metro, which has greatly improved Brisbane. internal and external transportation network. The complete transportation facilities have always been the primary consideration for property investors. The convenient location and transportation coverage are both important factors for improving rental opportunities and rental asking prices.
In addition to transportation facilities, investors also need to carefully consider the local school network, living facilities, and appreciation potential. For example, the West End district of Brisbane is located in the golden school network, and there are many famous universities in the district, which is the best choice for parents and investors; Sunnybank is a famous Chinese settlement, with many Chinese shops, restaurants, and restaurants in the area. There is no doubt about the living facilities and convenience of clinics and dental clinics run by Chinese doctors; Chermside, as a local young upstart, has the largest shopping mall in Queensland – Westfield Chermside, with unlimited potential for appreciation. Before buying a property for investment, it is advisable to do a good job in data collection and research to understand the advantages of your favorite area, so as to choose an area and property that is suitable for your investment plan.
-
2. Understand the target of entering the market and lock in the desired customer group
Residential units in Australia are mainly divided into strata units (Apartment), independent houses with land (House & Land) and garden villas (Townhouse). Before buying a property in Brisbane, investors should first consider whether the property is used for self-occupation or rental, and understand their market goals.
Brisbane has always been a popular city favored by overseas students, so in recent years, more and more parents know how to plan ahead for their children, and even far-sighted parents choose to buy strata units with more than two bedrooms. The high-quality real estate with the potential to appreciate and then collect rent. In addition to earning stable rental income in Brisbane, where there is a large rental demand, it also prepares a comfortable home full of family warmth for the children to study in Brisbane in the future, saving a lot of everything living there. Like trouble, it can also allow children to focus more on a comprehensive education in Brisbane schools.
Children who want to enjoy the 485 temporary visa for graduates in Australia have been attracted by the local culture and weather in the process of studying and living in Brisbane, so they decide to choose to continue to work, live, or even borrow. Before enrolling in a local university, a strata unit with convenient transportation and complete living facilities has been prepared for the child to save a large amount of rent. Even parents who know how to plan carefully will choose to buy a strata unit with more than two bedrooms. One room is used by the child and the rest of the room is rented out to other classmates and friends, providing a stable income for the child to live in the local area.
-
3. The "new normal" of the epidemic will include working from home as one of the conditions for building a house
Since the outbreak of the epidemic, many companies around the world have implemented working from home, making this work model “The New Normal”. When choosing a property, you may wish to include working from home as one of the criteria for building a building. For example, choose a building with a separate workplace, good Internet access, a location away from busy and noisy main streets, or close to banks, post offices, telecommunications companies, etc. Well-equipped districts and locations, such as Toowong District, another popular destination for immigrants near UQ Queensland University in Brisbane, Toowong Village in the district integrates all living facilities. Aviary was all sold out within 4 months. Therefore, under the “new normal” of the epidemic, let your property stand out in the urban rental market by virtue of the above advantages.
-
Brisbane has always been the preferred city for overseas investors, and the 2032 Olympic Games will bring infinite potential to the host city Brisbane! If you want to seize the investment opportunities of the Olympic Games in Australia, please contact our professional property investment consultants to learn more about high-quality real estate in Brisbane and the latest local information!