Thinking of investing this year? Queensland IS THE PLACE TO BE BUYING YOUR NEXT INVESTMENT PROPERTY, and here are more reasons as to why …
In the big scheme of things, that whole big property clock – Queensland is coming from the bottom of the clock but now on the rise! You need to get in now before it’s too late!
A standard pattern in property cycles is that an upward movement starts in the Top End suburbs and gradually ripples out to the middle and outer ring suburbs.
We’re seeing this playing out in Sydney and Melbourne as 2014 winds on.
The pattern of activity in Sydney shows that sales levels in many of the millionaire suburbs have tapered off. In the Price Predictor Index, which tracks sales volumes in cities and towns across Australia, many of the Top End suburbs in Sydney have been downgraded.
But several markets in the middle and outer ring areas have been upgraded, because sales activity has picked up.
The Sydney precincts that still have strong growth momentum are mostly in the far west and south-west. The municipalities centred on Parramatta, Blacktown, Penrith, Liverpool, Campbelltown and Camden have numerous suburbs with rising activity levels.
The pattern is similar in Melbourne – where the market with the strongest growth pattern is the Mornington Peninsula.
In Brisbane and Adelaide, which are less advanced in the property cycle from the two biggest cities, we’re also seeing middle ring and outer ring suburbs putting their hands up.
Brisbane’s run, which started with the inner and middle-ring suburbs north of the CBD, as well as the inner-city apartment market, is starting to spread. The Moreton Bay municipality, which encompasses the northern growth corridor heading up towards the Sunshine Coast, has emerged strongly as a growth market.
So too has Logan City, which provides a suburban bridge between Brisbane City and the Gold Coast in the south. Ipswich, in the far south-west, is lagging a little, but starting to show signs of life.
Ask any local real estate in Logan or Ipswich and they will all agree – we are definitely showing signs of positive life !
Since late 2014 when Terry Ryder wrote this article, Logan City Council has amended their planning scheme to allow Granny Flats – and boy hasn’t this turned up the anti in the local Logan City Council area …
Do you have a question about investing in Logan ?
Call Sonia 0403 309 136
Having problems with the property management of your investment ?
Call Julie 0411 073 747