Helen Collier-Kogtevs

Brisbane’s auction rates below 50%

July 19, 2016

Everyone’s talking about Brisbane and the possibility that this Queensland capital could be Australia’s next big ‘boom town’.

Following Sydney’s runaway success over the last couple of years, and Melbourne’s strong performance, people want to know ‘where to invest next’ and the idea of another boom town is very appealing.

But Brisbane may not be the epic hot spot everyone is hoping for…

Just last week, Brisbane held 117 auctions for the week ending July 17^th.

The preliminary clearance rate was 46.8 percent, which was less than half, according to CoreLogic.

When Sydney was going gangbusters, the clearance rate at auction was upwards of 70%!

I’m not saying you should avoid investing in Brisbane – far from it.

What I am saying is that it’s imperative to do your due diligence and make sure every property you buy lines up with your investment strategy – rather than investing somewhere because everyone else says the area is ‘set to boom’.

As I always say: the best investment you will ever make is in your own education!

Helen Collier-Kogtevs

Helen Collier-Kogtevs is the Founder of Real Wealth Australia, a leading education and mentoring company for real estate investors. Not only is Helen a highly successful property investor and an educator, but Helen is a best-selling author and a philanthropist. Helen is also the CEO and Co-Founder of eLINK Finance, an award winning brokerage committed to educating and supporting investors with getting the finance they need to build property portfolios. Helen is particularly passionate about helping people, especially people who are keen to create wealth and make a difference in their lives. She founded Real Wealth Australia to mentor investors to create wealth and financial freedom by focusing on helping them build an investment strategy to fit their individual goals, rather than focusing on one particular investing method using her successful property investing system.