Are you looking to invest in residential real estate in 2020? Well, there are some good signs for continued capital growth over the coming year.
The September quarter, property price growth numbers from Core Logic and the ABS shows Brisbane prices on the rise.
While the growth uptick is currently lower than the other eastern capitals, looking forward the October and November numbers appear to be substantially better.
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This doesn’t mean you should rush out, buy anywhere, and you’ll automatically achieve success. You still have to do the hard yards. Spend the time to do your research and buy-in areas with solid fundamentals like access to jobs, public transport, schools and services. You should also visit the locations you are thinking of investing in at different times of the day to reduce the chances of surprises. Residential property is a great investment vehicle to build wealth over the long term. However, it is an expensive asset class to enter and exit.
Remember there’s no such thing as a free lunch when it comes to property investing.
Merry Christmas, have a safe new year and bring on 2020!