There’s a lot of hype about the South East Queensland property market. Many residents of Melbourne or Sydney (or other big cities) are looking elsewhere for their investments. The big question is… why?

Prices in big cities are climbing

Property prices are getting higher and higher in New South Wales and Victoria, in particular, the big cities. This is making it difficult for regular everyday people to be able to afford homes for themselves, let alone investment properties as well.

For those who are in a financial position where they do want to invest, the comparison in value between properties local to them vs Queensland reveals rather substantial differences. They can build a larger property, on a larger block of land, and get a strong return on investment.

They may actually be able to purchase an investment property with a substantially lower capital investment. This means that someone living in Sydney or Melbourne could get a foot in the door in building their investment portfolio sooner than they thought.

South East Queensland is growing

Rising housing prices are encouraging many to relocate to locations such as the Gold Coast or Brisbane. It’s not just the property prices driving this trend, but also the lifestyle of South East Queensland is just so appealing.

Local beaches and the hinterland areas, attractions like major theme parks, the upcoming Commonwealth Games and accompanying sporting facilities, and development of world-class shopping centres also offer appeal. As the population grows, local infrastructure is growing with it.

Let’s not forget that the online world has now made it possible for many to work remotely. This means that they can make the choice to live in a location based on lifestyle rather than proximity to their workplace.

Affordability for business

Business/office spaces in Brisbane are generally more affordable than Melbourne or Sydney. Opportunities for employment is strong, partly as a result of business growth. Where there are jobs there is a requirement for nearby housing.

If you are considering investing in your local area, a quick value comparison could be worth your while. Find some properties nearby that you may be interested in purchasing, and compare the build size, land size, and rental income projections to similarly priced properties in South East Queensland.