Sun, surf, great cafes; there is so much to love about the sunshine state – but for investors, Queensland presents a unique opportunity.
Low house prices, high rental returns, rental shortages and an ever-growing population have made Queensland an attractive spot for investment.
Why is Queensland a good place to invest in property?
When it comes to liveability, affordability and future prospects, Queensland ticks all the boxes – but let’s have a look at why that is.
- A rapidly growing population needs somewhere to live
Whilst Queensland is currently home to just over 20% of Australia’s total population, experts are predicting that the state’s population will continue to rise, with more Australians and international residents seeing Queensland as the perfect “sea change” with job opportunities, affordable housing, warm weather and a desirable lifestyle. - It’s all about the lifestyle
As we mentioned before, the lifestyle is one of the main selling points for Queensland.
The state offers something for everyone with a vibrant and eclectic mix of cultures to make you feel at home, a unique social scene, beautiful beaches and both subtropical and tropical clients. Modern infrastructure, advanced health services and world class education are also drawcards for international residents. - Low property prices and high rental returns
In recent years the Queensland property market hasn’t delivered the best returns (particularly in urban areas), however, that is set to change with more and more Australians and international residents seeking to call Queensland home.
Low property prices allow investors to enter the market with ease, whilst rental shortages and increasing property prices promise a high return on investment. - House prices predicted to soar
Economists are predicting that Brisbane house prices will rise by an incredible 8% in the next 12 months alone, with prices predicted to soar over the next two years. If this is true, Brisbane will lead the price rise charge nationally and offer exceptional returns for short term investors.
The reason? Rising confidence, low interest rates and interstate migration are predicted to transform Brisbane’s property market from somewhat sluggish to one of the hottest property markets in the country. - Large infrastructure projects will strengthen employment opportunities and liveability
From the $5.4 billion Cross River Rail project in Brisbane to the $347 million Sunshine Coast Airport expansion, life in Queensland is about to change for the better.
These projects will improve liveability, provide employment and create a host of investment opportunities. Whether you’re looking to purchase an apartment nearby the university, a holiday home amongst Brisbane’s newest tourist attractions or an office building – the options are there and the opportunities are endless.
Thinking about investing? Not sure what’s possible with your current savings or income? Sanford Finance has the right team to source the right property in the right location so that you can achieve your investment goals. Contact us to find out more.