Opportunity to invest: Queensland regaining its population faster than you think
Queensland and Victoria have seen a massive influx of interstate population. Due to Property Prices and living expenses increasing in Sydney lots of people have started to migrate to alternate options for better affordability and have a maintained lifestyle. Western Australia have seen harsh time experiencing mining industry to saturate and resulted in inter-state migration in search of better job opportunities.
Tasmania on the other hand have made recent changes in the overseas migration policy for skilled professional and have seen a minor increase in the inter-state migration and have had .7% rental vacancy which is lowest in all of Australia.
Victoria is growing with its economy and population faster than anticipated but price rise in Victoria has already reached its peak for the wise investor. Thus, focus of investor has moved to cheaper options in Queensland to target good capital growth potential regions in Brisbane and South East Queensland.
Long Term Investors usually target areas which are under developed but have potential of developing in near future to maximise their capital growth and return on investment. Long Term Investors always buy and hold the property for a long run to have capital appreciation and usually explore places with high potentials and low risk. Thus, Queensland seems to be a good opportunity for the Investors.
Some rapidly growing regions in Queensland could serve as a good opportunity for long term investors to step in take benefits of the development in Queensland growth through wise investment. Recent, rail line implementation boom Ipswish suburbs can be a wise option to start investing. The city’s planning boss, released the planning and development annual report card 2016 which revealed the top five suburbs for new dwellings and additional population. Redbank Plains led the way with 376 dwellings and 1051 new resident in 2017. The state government ensured fast track connection between Springfield Central and Redbank Plains.
That was ahead of Springfield Lakes with 336 and 960 respectively, Bellbird Park (237 and 620), Leichhardt (214 and 562) and South Ripley (185 and 594).
The council has made a considerable investment in upgrading roads and facilities in the suburbs. The figures from last year represents that total sales of 51% was made to owner occupied and 49% to investors which is a pleasing stat.
The South East Queensland Rail Horizon report (2016) has identified the Cross River Rail project as the government’s infrastructure priority to provide the necessary capacity for an expansion of the rail network.
Redbank Plains had been the fastest growing area for several years and the report a clear case for infrastructure funding from the State and the Federal Government.
Ipswich welcomed its 200,000th resident in January 2017. It is expected to have a population growth up to $520,000 by 2041 which will be larger than the current population of most of the European cities like Liverpool, Toulouse and The Hague.
The need for extra state and federal government funded infrastructure will be vital in coming years and will result into a great opportunity with much lesser investment for the long-term investors. Ipswich is growing faster than anywhere else because of its family friendly city and jobs sustainability that supports it.
The Domain regional report suggested that Ipswich housing prices increased by 6.3 percent during the March Quarter last year, as compared to rest of the regions where market price and has fell through. Ipswich also recorded the strongest growth in Queensland over the past 12 months with prices increasing to whopping 11 per cent.
Find out more about the best area to invest in properties in Australia, please contact Fortune 8 Property Investments on 0415 602 188 . Fortune 8 Property Investments consultants will educate you with more than 30 years of property investment knowledge for FREE and assist you with each step of your investment.
Newspaper - AFR
