Last year, 2016 showed a year of solid growth in the Queensland property market. Historically low interest rates, consistent market growth and affordability has seen many new and seasoned investors entering the market and snapping up some amazing deals.
Yes, we’ve seen big movements in apartment complex sales, and if the analysts’ predictions are to be believed, this glut of high-rise living options may produce an over-supply of inner city rental units in the next 12-24 months.
But outside the city centre, the house market has never been better, with low interest rates and high returns contributing to considerable growth. Affordability remains Queensland’s major selling factor, with returns in the medium term predicted to be between 5-6%, and sustained growth projected into 2020 thanks to government investment into large infrastructure project and facilities.
Suburbs such as Kippa-ring, North Lakes, Morayfield, Ipswich, Lower Logan/Beenleigh & Moreton Bay are my pick for excellent opportunities and great yield – check out our website for more details.
Everything that our market analyst are seeing is point to 2017 as a good year for property investment in Brisbane.
At the end of the day, an investment is only as good as it’s numbers, and if you’d like comprehensive advice from industry experts on your investment property plans, please call the OJ Pippin home team. Today on 07 3889 7775
Until next time…