Queensland Property Market: Housing Development About to Explode

by | Feb 16, 2016 | Financial Featured

For a long time now, the property experts have been speaking of a huge property boom that is about to happen to the Queensland area. We have not seen it, so where is it? Experts expect that this new influx of residents from Melbourne and Sydney will take place as they decide to settle north in the Sunshine State.

Why would people want to settle here? Experts claim that the Sunshine State has a lot of investment opportunities for purchasing property. If you purchase here, you have the following benefits to enjoy:

  • Warmer Weather
  • Shorter Commute to Work
  • Lower Cost of Living
  • Fewer Parking Meters and Tolls

In contrast to Sydney, the houses of Queensland cost much less, and this is even after you look at the differences in the income of the residents. According to the Deutsche Bank, Sydney homes have skyrocketed to over $900,000, which is up from $700,000 back in 2013. When you look at the prices in Brisbane, however, you see that the prices have remained stable at around $500,000 for the last several years.

What it Means for the Real Estate Industry of Southeast Queensland

Because $500,000 homes cost less to list and sell, it attracts a much broader potential buyer. As a real estate agent, that gives you the opportunity for selling your property at the listed price. In other words, you may not have to take a loss on the home simply to sell it. If you are a property manager, this means that your rent-roll will be more manageable, and you will have more potential to grow the price with the Queensland property market.

While we have seen Australians from South Wales and Victoria moving to Queensland, it has reached an all time 40-year low. That could, however, soon change if the predictions of the Deutsche Bank are correct. According to them, the interstate residents have moved to Queensland from other states. Because of this, they took the original population of the state from 16 percent to 20 percent. That is a massive increase.

Queensland: Realistic Place to Invest?

Some companies have seen the potential in Queensland, and they have jumped on the train. For example, REAA has started to back the state, and the mission of Queensland, which is said to be the most realistic and attractive state for buying and investing in real estate. They have also helped to promote the typical care-free Aussie lifestyle that many people on an international level have found so appealing. It could soon be part of what helps to make the state so appealing with its sunshine and warm weather 300 days out of the year.

Preparation to Capitalize: a Key to Success

If you will succeed in this latest property development in Queensland, you should not wait too long. The people who experience the most profit in real estate and any field are the pioneers of the industry. You have to be ready to work and do your research as a property manager or a real estate agent, as well as prepare your own home for sale. The property market in this state could soon explode, but starting a legitimate career in real estate begins with a solid education, and REAA can help with their two-day Registration Certificate course.

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