City or country, work or retirement: Queensland is proving to be perfect for investment.
Brisbane is a popular location with
workers and students who move to the sunshine state from NSW and
Victoria. RP Data expects competition for rental properties
will result in strong rental growth this year.
"Brisbane has the clear potential for double digit growth in
median house prices in 2012," report Australian Property
Monitors. "The Brisbane housing market is set to revive
off the back of the Queensland resources boom that will gather
strength through the year."
Brisbane will become home to an additional 55,000 people by
2031. Around $30 billion will be spent on infrastructure and
public transport in inner-city suburbs to cater for this population
growth.
The Gold Coast's population grew strongly in 2011. With the
Baby Boomer generation reaching retirement age and looking for a
sea-change, properties along Queensland's coast will continue to be
in great demand.
Major investments in the coal and gas industries are transforming
regional Queensland towns and driving population growth.
Central Queensland will be home to the world's biggest coal port
facility being built with an investment of $9 billion.
"Investment of this magnitude will drive an enormous economic surge
through north Queensland" said Premier Anna Bligh.
Over the past year, median rents in some regional towns have
jumped by as much as 50% as workers in the resources industries
create demand.
As a further incentive, the Queensland Government is providing a
grant of $10,000 for people buying or building a new home worth
less than $600,000. This grant is available to eligible home
owners and property investors until April 2012.
Talk to a ParkTrent Property Investment Professional today
by calling 1800 652 224 or email us via contact@parktrent.com.au about
securing your place in the sun.
