QLD is the clear standout for property investors.

  • By Peter Gordon
  • •
  • 02 Feb, 2023

It's seems everyone is now back on board for 2023 and I’m confident this year will be a much better year than 2022! We are seeing building conditions improving, cost pressures are normalising, and the volume of new builds is decreasing. So this should mean we get back to normal construction times soon.

Many industry commentators are suggesting Adelaide and Perth as the best two cities to invest in. That is definitely not the case in our market (house and land). Both cities have long histories of meeting demand with ample supply. The government and developers trying to keep housing affordable, with lots and homes getting smaller, and the supply continues to expand.

For the Team at Investo Property, Queensland is the clear standout for property investors for the following reasons:

  • It has the highest population growth by a wide margin
  • It now has the strongest economy in the nation
  • It has the highest infrastructure spending and jobs growth per head per capita
  • It has fantastic relative affordability compared to Sydney and Melbourne
  • It has very strong rental returns
  • It has a massive and growing under supply of housing

So the next question is where to buy in Queensland?

The obvious answer is South-East Queensland, and there are plenty of options there to choose from. Once again, this is due to supply and demand. While demand for South-East Queensland is massive and ongoing, it is where the highest concentration of builders and developers are building new homes. This is a popular choice to purchase for investors as most understand the market, and will do well, but I also believe there are other options.

The other region that I believe has great opportunities is the Wide Bay area.  This includes Hervey Bay, Maryborough and Bundaberg. The population growth here is as strong as South-East Queensland, and infrastructure spending and jobs growth is higher than South-East Queensland per head per capita. Prices are lower and rental returns are higher. And there is a fraction of developers buying up land. There is also far smaller number of investors increasing supply.

Why Invest In Bundaberg?

Although the link below is information from 2022, it is still great read and shows why this region stands out on a national scale for investors. Check out the following link and attached Investment Opportunities in Bundaberg | Invest Bundaberg | Business Bundaberg

I have some incredibly good investments coming this year in the Wide Bay region.

Pete.

If you're looking to invest in the property market for the first time or are a seasoned investor looking for options, we'd love to chat with you!

Let us assist you and show you opportunities that are available, check out our property page or contact me for a Zoom meeting.
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Introducing The Palms Estate, Cairns - The Northern Beach's Premier Address

By Peter Gordon • 26 Apr, 2023

Quiet simply, the Palms is the place to buy!

The northern beaches of Cairns is the Nation's best location for property investors right now, and The Palms is the premier development in this boom region.

It has the best location being elevated and backing onto the rainforest. It will have amazing facilities with a shopping village, a primary school, parks and green open space, a water park and an expanse of wildlife corridors.

It has taken the developers three years to get planning approval for this unique development to be able to hit the market. There are only 300 lots spread across 85 acres of the best land in The Northern Beaches.  Residents will have an abundance of open space right at their doorstep.  The Palms is also the only Certified Enviro Development project in Far North Queensland.

> Cairns Snapshot

In the rivalry between Sydney and Melbourne, the winner is ... Brisbane

By Peter Gordon • 20 Apr, 2023

Sydneysiders and Melburnians, put aside your equally outstanding flat whites for a moment. Stop bickering about whether great beaches beat cool laneways (they do) and desist from debating whether all baristas require waxed moustaches (ideally).

Because Brisbane is closing in on the title of Australia’s best city, and we must join forces to keep this subtropical upstart in its place.

Time  magazine recently named Brisvegas on its “World’s Greatest Places” list, and omitted our cities. It’s a huge shock (and who knew they still published Time  magazine?). But they might be onto something.

Time  points to the 2032 Olympic and Paralympic Games, which will be hosted in the maroon metropolis. Brisbane will do a fine job, even though it’ll baffle the world when rugby league is added to the schedule and Queensland is allowed to field its own team.

Time’s  most radical claim is that Brisbane is worth visiting now, but tourism is surging. Not only did Lin-Manuel Miranda recently drop in to catch Hamilton , but hundreds of Hamilfans flew up to watch his interview with Leigh Sales (presumably unaware that it would subsequently arrive on iView for free).

Incredible Lifestyle At An Affordable Price  Equity of approx $390K on completion

By Peter Gordon • 06 Apr, 2023
This small duplex development just a short drive from Hervey Bay on Queensland’s beautiful Fraser Coast, offers an incredible lifestyle at an affordable price. With unprecedented demand and very limited supply, prices look set to skyrocket.

A leading local agent has appraised each side of these duplex's to be worth $665k on completion and rent for $495 per week. So that is massive potentail instant equity of up to $390K on completion, which is incredibly hard to find.
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