Brisbane: The Best Market in Australia Currently for Short to Medium Term Growth

REAL estate veteran John McGrath has called the boom in South East Queensland Australia’s real estate ‘golden triangle’.

REAL estate veteran John McGrath has called the boom in South East Queensland Australia’s real estate ‘golden triangle’.

“Its affordability I believe will continue to attract record levels of interstate migration,” he told The Sunday Mail ahead of today’s start of the two-day premier real estate conference AREC.

“I believe the area from the Gold Coast to Toowoomba and up to the Sunshine Coast is definitely Australia’s golden triangle right now.”

The founder of McGrath Estate Agents said there was a lot more to come over the next few years given SEQ offered “so many options for asset rich, cash poor southerners”.

He labelled Brisbane “the best market in Australia currently for short to medium term growth”.

“The value gap between Brisbane and the other big east coast capitals is as large as I’ve seen it in many years.”

“When you factor in the key drivers for future growth — liveability, affordability, scale, future economic prospects — they all suggest Brisbane is a market to invest in.”

“Toowoomba is the perfect and affordable treechange. Brisbane offers big city opportunities while Gold Coast and the Sunshine Coast are ideal seachangers.

“This area has seen some early stage growth but nowhere near the capital appreciation that Sydney and Melbourne have seen.”

He said McGrath’s top prestige agent in Brisbane Alex Jordan was reporting a significant trend in downsizers buying up luxury apartments now.

Among the key suburbs riding that wave were New Farm, Newstead, Teneriffe, Kangaroo Point, South Brisbane, St Lucia, Paddington and the Brisbane CBD.

*News Corp Australia is a sponsor of AREC which was expected to involve over 4,000 real estate professionals.

Credit: news.com.au