The Sunshine State is doing well since it is reaping the benefits of a growing economy and strong demand for its lifestyle-oriented markets
Queensland has come a long way in recent years and has regained its balance well after the mining crash to become a popular real estate market in Australia.
"We have seen tremendous growth over the last two years, and we still see that land price increases and prices advocated by proponents depend on supply," says Damien Lee, who is responsible for acquisitions at Caifu Property.
"As demand is still very high, we still see good results and good growth in southeastern Queensland from the land point of view. I am also seeing very good market growth in the Gold Coast and Sunshine Coast lifestyle-training markets. "
The city of Cairns has also experienced considerable development, with the developer Urbex Realty who settled near the city center when the local economy began to recover.
"We find that the economy is gradually regaining its composure thanks to growth in employment and tourism growth in the region, with positive indicators such as a 6.3% drop in the rate of Unemployment in 2018, improving housing approvals and airport passengers. The numbers have increased, "says Craig Covacich, Managing Director of Urbex Realty.
"We are delighted to participate in the economic recovery of Cairns and contribute to the local economy."
Investors Must Act Wisely
While Brisbane has largely outpaced its problem of offering apartment flats, investors must be cautious.
"In 2018, Brisbane was still one of the best places to live in Australia. However, as an investment option, it has not yet reached its limit, "said Simon Pressley, Managing Director of Propertyology.
"Queensland is experiencing growing population growth again. This is largely due to the relative affordability of housing and a less stressful lifestyle. But the inability of consecutive state governments to capitalize on the growth of tourism around the world and extremely stimulating prospects for the agri-food sector is revealing. "
Charles Tarbey, president and owner of Century 21 Australasia, is also concerned about the extent to which the Brisbane market is tied to Sydney and Melbourne.
"Queensland can often benefit from the equity wave effect: Increasing home equity in NSW and Victoria often leads to increased demand for housing in Queensland. The problem is that the opposite can also be true. "
SUBURB OF WATCH
BERSERKER: House prices collapse in the suburbs of Rockhampton
About 10 minutes from the Rockhampton CBD, the suburb of Berserker has remarkably low prices. However, in the residential property market, demand has not been enough to break the trend of negative growth recorded by Berserker since December 2013. Values ​​fell further by 7.6%, falling the bar of 200 000 USD between October 2018.
Nevertheless, the situation is different for the units, which saw their prices increase by 5.4% over the same 12 months, bringing the median value to $ 221,745 and breaking the negative trend. Rental yields in this market are also very high, at over 6%, and weekly rents fell 3.4% to $ 240 on average over the 12 months ended October .
Yield: Berserker Reports Incredibly High Rental Returns of 7.2% and 6.6% for Homes and Units
Affordability: Houses are selling at a median price of just $ 173,811, while unit prices have risen to $ 221,745
With interest rates at their lowest for over 50 years, there are excellent rates available. The best thing to do is to compare the rates of all the lenders. Let us help you solve this problem – Compare home loans now
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