Here’s some great news for those interested in investing in Brisbane.
Queensland is set to experience a “once in a generation” infrastructure boom in the lead-up to the 2032 Olympics.
According to Dr. Nicola Powell, author of Domain’s Queensland Spotlight Report as a result, infrastructure across Gold Coast, Brisbane, and Sunshine Coast will vastly improve and there will be a clear roadmap and timeline for the housing infrastructure to be implemented over the next decade.
This will also provide assurance to buyers and business owners that proposed developments will indeed take place as and when forecasted.
Dr. Powell, Senior Research Analyst for Domain, explained that big infrastructure projects leave a legacy behind helping to lift the population and benefit the local community in the long term.
She said that an influx of capital and subsequent job creation, which is expected to be the equivalent of 91,000 full-time jobs in Queensland, in the lead up to the games will be an economic force for South East Queensland.
As a part of this cash injection, we will naturally witness significant demand for housing, especially as we prepare to welcome skilled workers to the state.
According to Dr. Powell, what we can forecast is an increased demand for rental properties to host short-mid term workers, which naturally presents opportunities for investors to capitalise on the strong rental demand.
Queensland in the future
There is no denying that Queensland has recorded a bumper year in the property market with soaring property price growth, high internal migration, strong demand, and a promise of long-term infrastructure development.
That combined with relative affordability, lifestyle, and the opportunity to work from anywhere paints a very compelling picture of why the Sunshine State is in the property spotlight and will continue to be.
Dr. Nicola Powell, Chief of Research & Economics, Domain commented:
“With the spring property season underway we expect to see more homes come on the market.
It’s been a strong trend over the past few weeks, with more homeowners starting to think about listing their homes for sale and taking the step of getting their property appraised.
We expect this trend to continue, especially as interstate and international borders reopen, allowing people to move and transact property more easily.
We know south-east Queensland has always been a popular location for overseas buyers, this is likely to be stronger as we navigate life post-pandemic.
There is no doubt Queensland will remain a hotspot for buyers now and into the future, and as a result we expect prices to continue to rise.”
Cat Riddle, Communication Officer, Queensland Tourism Industry Council said:
“Queensland has long been an attractive market for holiday and leisure seekers due to our unbeatable climate and lifestyle.
What has really come to the fore in recent times are the opportunities to make a significant lifestyle shift and enjoy the Queensland way of life year-round.
This sentiment really shines through when analysing local property market trends and witnessing the demand and market growth for homeowners and investors across the state – an unprecedented increase in interest and transactions from local, domestic and foreign buyers who are eager to call the Sunshine State home.
Factoring the significant shift and re-prioritisation of lifestyle factors many are experiencing as a result of the pandemic, paired with our exciting lineup of infrastructure and development projects due to Brisbane’s 2032 Olympic success, Queensland continues to strengthen its credentials as both a short and long term location that truly offers something for everyone.”
Source: Read the full report- Domain’s Queensland Spotlight Report.
Now is the time to take advantage of the opportunities the current property markets are offering
Sure the markets are moving on, but not all properties are going to increase in value. Now, more than ever, correct property selection will be critical.
You can trust the team at Metropole to provide you with direction, guidance, and results.
Whether you’re a beginner or an experienced investor, at times like we are currently experiencing you need an advisor who takes a holistic approach to your wealth creation and that’s exactly what you get from the multi-award-winning team at Metropole.
We help our clients grow, protect and pass on their wealth through a range of services including:
Strategic property advice – Allow us to build a Strategic Property Plan for you and your family. Planning is bringing the future into the present so you can do something about it now! Click here to learn more
Buyer’s agency – As Australia’s most trusted buyers’ agents we’ve been involved in over $4Billion worth of transactions creating wealth for our clients and we can do the same for you. Our on the ground teams in Melbourne, Sydney, and Brisbane bring you years of experience and perspective – that’s something money just can’t buy. We’ll help you find your next home or an investment-grade property. Click here to learn how we can help you.
Wealth Advisory – We can provide you with strategic tailored financial planning and wealth advice. Click here to learn more about we can help you.
Property Management – Our stress-free property management services help you maximise your property returns. Click here to find out why our clients enjoy a vacancy rate considerably below the market average, our tenants stay an average of 3 years, and our properties lease 10 days faster than the market average.