Brisbane could provide affordability for Australian property investors in the new year, according to a study from property consulting firm Urbis.
An annual report from the company assesses factors like population, infrastructure and employment to decide which areas are ripe for property investment.
This year it has pinpointed South Brisbane as one of the top places for property, with Bowen Hills and New Farm also rating a mention, reports the Courier-Mail.
Urbis director of property economics Malcolm Aikman believes 2012 could see an investment boom for Brisbane, which has become one of the more affordable cities on Australia's east coast.
"I think it's almost always the case when people look around and things are really tough, that is where the investment opportunities are," he said.
He added that difficult economic conditions meant many investors were unwilling to take the plunge.
Brisbane has recently made strides in improving its infrastructure and green spaces after being damaged by floods in 2011.
Posted by Steve Douglas
