How is property looking in South East Queensland? With the recent changes to the national property market showing stabilisation of housing value, lower mortgage rates, accessibility of loans increasing, and a general incline in confidence within the housing market you may be wondering if now is the time to start considering your options in terms of growing your property portfolio. South East Queensland offers obvious appeal in terms of property affordability, the population growth within the region offers stronger rental demand, and investment in infrastructure within the region in response to demand are all key factors for your consideration. The recent low income earner tax cuts are also driving more property purchases at the moment.
With the turn in the market we are seeing the availability of properties decline. In a nutshell, there are less properties up for sale, online listings are 25% lower than the same time last year, and properties are clearing at auction at high rates. So what does this mean for the property investor? Less competition for sellers, more competition for buyers, and trends show that property prices are set to increase in response. Brisbane is seeing first time home loans rise to a 7 year all time high, and investments up by 4.7%.
Current trends are indicating that now is one of the most stable times for property investors looking into Queensland. Brisbane is projected to show a medium property price growth between 2019-2022 at 20.3% which substantially outperforms other capital cities in Australia.
Click the image below to view the QBE Australian Housing Outlook 2019-2022 >>
When you fit the puzzle pieces together, the data and forescasts may be alluding to the South East Queensland property market being ripe for savvy investors to make their move before the projected price increases make purchasing property less affordable.
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Find out more about cashflow positive properties and how you can grow your portfolio faster, avoid overcapitalisation, and reduce risk.
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