Capital city market heats up as tenants and investors compete

Published on ‘Your Investment Property‘ by Phil McCarrollIt appears Brisbane is becoming popular with more than just investors, with signs an increasing number of first home buyers are looking to the Queensland capital in their attempts to break into the property market.

According to professionals in the Brisbane real estate industry, the current low interest rate environment and a desire to get in before prices skyrocket are encouraging renters to become buyers.

Jasmina Petrovic, joint principal and director of Brisbane real estate agency North South Real Estate, said enquiries from tenants looking to buy have become a common occurrence, and the Reserve Bank’s decision this week to keep the cash rate on hold will make the Brisbane market even more attractive to home buyers.

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