Investment Property Planning in Brisbane
Brisbane Overview :
South East Queensland’s population is expected to grow from 2.8 million to 4.4 million people by 2031. The region stretches from the Queensland-New South Wales border to Noosa in the north and 160km west to Toowoomba. It is estimated that the South East Queensland region will require more than 750,000 new homes to cope with the growing population.
Above average economic growth, low unemployment, solid household income gains, tightening rental markets and falling interest rates will all protect house prices on the downside and underpin a renewed upswing in the years ahead.
In Brisbane we would be looking at the outer areas for stronger growth simply because they haven't had as much growth as elsewhere and often have much better rental yields, indicating more room for growth in the future.
High growth areas with new estates being established include the southern corridor through to the Gold Coast (target suburbs such as Windaroo, Pimpama, Coomera and Pacific Pines). The south western corridor of Ipswich with a lot of growth to come in areas around Springfield both in commercial and residential properties. On the northern side of Brisbane, comparable areas would be suburbs such as North Lakes, Griffin and Morayfield through to Caboolture. The northside of Brisbane in particular is developing into a huge growth area of Southeast Queensland with massive expenditure on infrastructure resulting in numerous commercial and residential estates under construction and planned for the future.
Australian Residential Property Planners (ARPP) sources and recommends high quality house and land packages in South East Queensland. ARPP continues to see the Queensland market as an excellent investment property option for 2010 and beyond.
Remember property investment is a long term strategy. The idea is to accumulate property during your working life without affecting your lifestyle. Property booms will inevitably slow down, but the factors that influence this are simply part of the property cycle.
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