After years of limited growth, South East Queensland is recovering very well and showing annual growth of around 8% that’s $ 32,000 on a $400,000 property which means you would have to save $615 per week for the next 12 months to achieve the same result.
Last year saw 100,000 people move to Queensland and given the fact we are not building enough homes, vacancy rates extremely low, under 3% in most suburbs, giving investors great yields on their properties and rents rising at lease renewal time.
You can see the evidence of this everywhere with new highways, schools, shopping centres and new rail lines operating or in the pipeline to be completed. Also, more tourists are coming in, immigration keeps rising, new land estates are emerging, and businesses are growing are all positive signs for the continuous growth in the property market.
Another consideration are interest rates, banks are offering 3 year fixed rates under 6%, with is a good stable mid term opportunity.
Combining all those factors are why the experts are saying it’s a great time to enter the market (even the latest RACQ magazine mentioned growing prices).
So, are you going to take advantage of the property cycle or be sitting on the sidelines waiting for prices to fall. Remember it is not your or my opinion, rather the supply and demand for property that will determine value.
To find out more about how to take advantage of property investment growth contact Geoff, Buyer Advocate in Brisbane and Gold Coast areas on 0404-852-781 or firstname.lastname@example.org