Brisbane is one of Australia’s largest cities, home to 2.3 million people and also home to some of the greatest business real estate in the country. If you’re thinking of buying commercial property in Brisbane, there are three reasons why you should take the plunge.
The Vacancy Rate Is Low
One of the best reasons to invest in a property in Brisbane is that the vacancy rate is among the lowest in Australian cities. This means that your property will be desirable and will likely have tenants very shortly after you complete the deal. This means that you won’t have to wait long to start recouping on your investment.
Rental Yields Are High
For a city with a low vacancy rate, the yields for rentals are among the highest in the country. Your return on investment is all-but guaranteed in Brisbane. The rate hovers around 6.0%, while 5.5% is usually considered a ‘good’ rental yield.
It’s Very Affordable
Unlike its sister city of Sydney, Brisbane is a more affordable option. No matter what type of property you invest in – a retail store, an office suite, a manufacturing location – Brisbane has property at a great price point. If you’re looking to invest in the commercial real estate market, Brisbane is the more-for-less option – you get a great return, while not having to put in so much upfront.
Essentially, commercial projects in Brisbane are in high demand. If you see a gap in the Brisbane commercial property market, take the plunge. Get in touch with our team today to assist in the process.