Property investment researchers around the country are singing the praises of Brisbane and South East Queensland right now.
We’re ticking all their boxes for population growth and infrastructure investment. These two factors are the best indicators of both capital growth and rental demand – the two magic words for property investors.
These are some of the reasons that we’re on the radar:
Queensland is now the number one state for interstate migration, up 36% to the year ending March 2018 and 70% of Queenslanders live in the south east corner of the state. People move to Queensland and rent a home, they get established and settled, figure out where they want to live and then buy a property – the perfect formula for both rental demand and capital growth.
There has been a clear slowdown of construction of apartments for the past 18 months. Building approvals for apartments in Greater Brisbane were down 59.9% for the year to August 2017. The slowdown has continued with numbers being monitored to prevent oversupply.
The pressure from APRA has had a surprising result of forcing developers to create more appealing and better quality products, reducing the amount of “cookie-cutter” apartments on the market.
The Queensland economy is well into recovery stage after the inevitable slump following the mining boom with five consecutive quarters of positive growth to September 2017 and forecast for this to continue for the next four years at least.
$5.4 billion investment in the construction of Brisbane’s Cross River Rail, scheduled for completion in 2024. Forecast to create 1,500 jobs annually.
$3 billion re-development of the Queen’s Wharf precinct which will house over 50 restaurants, bars and cafe and 1000 hotel beds. The construction is projected to create 2,000 jobs with 8,000 jobs ongoing upon completion in 2024.
$2.9 billion re-development of Brisbane Showgrounds, scheduled for completion in 2026. This project will create 2,000 jobs and will add over $30 million annually to the Queensland economy.
$1.35 billion investment is underway building a second runway at Brisbane’s International Airport. Due for completion in 2020, the will create 2,700 construction jobs over the seven-year project.
$1.1 billion investment in a world-class health and well-being precinct in Brisbane’s northeast, scheduled for completion in 2027.
$944 million investment in Brisbane Metro will start next year and is forecast to create 7,000 construction jobs.
This is a huge amount of investment and movement for one city and it will have positive far-reaching impact throughout the SE Queensland region.
And this is just Brisbane. There is also massive infrastructure investment and planning on the Gold Coast and Sunshine Coast.
If you want to invest in property, now is the time to do it. South East Queenland is the place to do it.
We can put you in touch with property investment experts, Blue Wealth Property, if you want to look at options, or we can introduce you to a financial planner if you need advice on structuring the investment.
We’re always happy to arrange investment loans and will ask all the right questions to ensure they’re set up correctly from the start.
Fortitude Valley & Greater Brisbane
07 3366 8604