All the real estate news lately are either about the findings of the Royal Commission or about the pros and cons of the declining property prices in the capital cities. Sifting through the information overload, is there a place left in the country where property investors can dig for gold?
We all know that Melbourne and Sydney have suffered the most during the downturn mainly because of the unsustainable growth they’ve experienced lately. After the bursting of this bubble, investors began lurking into the interstate and regional suburbs looking for more reasonable entry prices, keeping an eye for better growth in the future.
All this lurking and searching eventually brought all eyes on South East Queensland. This particular region is now the next property investment frontier. With prices closing in on growth after a very dry decade, SE QLD never really had a growth run as good as their neighbours in the South but the growth looks to flow steadily and its sustainable qualities are very promising.
The numbers don’t lie. As a matter of fact, Brisbane is the only Australian capital city to turn in a reported growth in house prices by the end of last year. The forecast even sees more increase to close in at around 4% by the end of this year.
Investors say that the lower property value translates to the QLD market being less vulnerable to the worsening constraints in lending regulations and the lashing that may come as a result of a royal commission in the months to come.
Before this grand discovery of QLD being this year’s best spot for property investment, many investors have been calling the region the “landlord’s market” as residential vacancies are at a steady pace declining at 2.8% before the last quarter of 2018. With the growth eyed in the coming months, this is only good news for investors.
The reasons investors lean upon as they look at this impending growth is the projection of the State Government. According to reports by the authorities, QLD population is expected to rally at around 6.7 million by 2036 projecting demand in dwellings of up to more than 30,000.
If the conditions in other regions turn out as expected, there will be a 144% increase in population in the next two decades. To cater to this expectation, SE QLD is set to spend more than $25 million in infrastructure developments over time.
But amidst all this positivity, investors must keep an eye on unexpected events. Do your homework before getting into investments, crunch the numbers, have a very strong intent towards researching specific locations, and most importantly get the opinion of an expert you trust.
Things may look good now, but if carelessly carried out, investments can turn into a loss in no time. A positive yet cautious attitude is to be kept up at all times in order for property investment to be a great and profitable experience.
For more updates on the property investment market, and for everything you need to know about real estate, keep it locked in here at Rockwealth Properties.
Source:http://www.apimagazine.com.au/property-investment/south-east-queensland-australias-new-new-investment-hotspot
#realestateaustralia #propertyinvestor #brisbaneproperty #brisbanerealestate #brisbanemortgage #propertyinvestment