Queensland Property Investment 2020
Population growth from significant migration inflows along with a strong economy is turning the Queensland property investment market into a top performer for investors in 2020.
Increasing housing prices in the Sydney and Melbourne property market already out of reach price wise for many homebuyers and investors, more and more property investors turning to South East Queensland as the next best investment option.
Angie Zigomanis, senior manager for residential property at BIS Oxford Economics, says Sydneysiders coming into the market to capitalise on the state’s comparatively low prices make up a growing proportion of the buyer demographic.
“We’re starting to see increased interstate migration flows out of NSW – that’s being reflected in first-time buyer numbers in Queensland,” he says.
Queensland is emerging as a new investment hotspot driven by affordable pricing, strong interstate migration and high levels of government infrastructure spending.
The Brisbane CBD is predicted to see a 21% boom in population growth by 2036.
The real opportunity emerges as housing in some key areas is undersupplied and will further tighten as the population continues to grow as forecast. The Ipswich house market is very likely to attract new buyers on a budget, with an average annual rental yield of 5.4% – a win-win situation for investors. Logan’s median house price though a little higher than Ipswich but still offers considerable value for money as well.
National Investment Planning provides investment property selection and guidance for investors in the Queensland property market.
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