Property experts reveal surprising areas investors are snapping up
Sydney’s property market has taken hit after hit recently — but there are other lesser-known areas that are experiencing a sudden property boom. That’s according to Australian real estate experts, who claim that while investors may have deserted Sydney and Melbourne, their attention has turned to other regions across the country. A lot of investment activity has now firmly shifted to Queensland. There is rising demand particularly in the housing sector in southeast Queensland where yields are high and jobs are increasing due to the amount of government expenditure around infrastructure which is attracting families to the Sunshine State. With Brisbane’s population growth at 1.6 per cent and surrounding areas like Moreton Bay at 2.2 per cent, the Sunshine Coast at 2.7 per cent and Ipswich at 3.7 per cent, we are forecasting that Brisbane will be the standout performer over the next three to five years.
Tags : INTERNATIONAL