Now we are coming out of lockdown, border closures and what has been a terrible time for many, a move to South East Queensland is becoming an attractive option.
And because property prices are a matter of supply and demand, South East Queensland property prices appear to be rising so if you're looking to invest, now is the time.
What is driving this? It’s mainly commonsense and a reasonable reaction to an unpleasant global situation.
DOUBLE DEMAND DRIVER
Before the pandemic, SE QLD prices were already growing (albeit more steadily than the capitals) because of lifestyle appeal and continued State and Federal Government investments in infrastructure.
If we add to that the rise in city dwellers making a lifestyle change, there's a double-driver of demand.
RENTAL DEMAND HAS GONE UP 150% MORE THAN PREDICTED
Rental demand is higher than ever. And strong rents are keeping yields high for investors, and attracting more investors as a result.
Meanwhile, more and more people appear to be deciding to make the move into SEQ, predominantly from Sydney and Melbourne.
WHAT THE EXPERTS SAY
Last week Westpac predicted a 20% gowth and their prediction statistics just keep getting better. Look at the change since March 2020:
October 2020 - 20% growth is predicted in certain areas and SE Qld and specifically the Sunshine Coast is one of those
A recent Courier Mail article quotes a range of experts lining up to call a price growth of between 10% and 20% in some area. And that is BEFORE the border is opened.
If they're right, and you are considering an investment in SEQ property (either as an investor or as an investor-to-own), then now is the time to make your move.
Here are a few of the expert quotes from the Courier Mail Article:
So if you're interested in investment options in SE QLD, drop me a line here.
I look forward to hearing from you.