Cohen Handler is spreading its wings and expanding nationally with a Brisbane branch.
Sydney has been a highly aggressive market and with a median house price now over a million dollars, steadying wages & expected to rise interest rates it is no longer meeting the objectives of all investors.
Cohen Handler are now turning their attention to the third largest and fastest growing city in Australia, Brisbane, which – with an average house price of $505,000– offers high affordability and is primed for capital growth in the short to medium term.
When it comes to capital city median house prices, Brisbane sits at sixth place as it failed to recover in the same manner as Sydney, Melbourne and Perth post-GFC as a result of the two years of devastating floods.
It’s an anomaly that is likely to be corrected by above trend market growth in the short to medium term; making it the ideal time for investors to capitalise on the affordable property prices.
Cohen Handler has expanded its business to target the opportunities that South East Queensland provides. Jordan Navybox will be heading up the Cohen Handler Brisbane team.
Insight from Jordan on the Brisbane and Sydney property markets:
- The average Sydney house price is $1,020,000 (RP Data). With interest rates at 4.5 per cent and the average pre-tax Sydney household income of $152,000, property owners will be left with very slim margins to pay their other bills and hence should property prices continue to rise or if interest rates are to go up the market will see a softening. Investors should consider looking outside of Sydney to find a suitable investment.
- Brisbane and the Gold Coast are the solution that investors are looking for. The market there has not fully recovered let alone peaked and hence it is the most affordable market in the country. There is great investment opportunity in South East Queensland with great scope for capital growth in the short to medium term.
Cohen Handler buyer’s agents give buyers the competitive edge with access to off market properties and experience in negotiating and securing with the client in constant communication. Our agents often go the extra mile to ensure the process is as smooth as possible.
Cohen Handler is Australia’s leading property buyer’s agency group and has grown rapidly since it’s founding in 2009. Based in Potts Point, Sydney there are offices based in Sydney’s centre/east, north and west, Melbourne and now Brisbane at – Suite 5, Level One, 52 Mark St, New Farm or give us a call on 07 3317 4470