Investors flock to Queensland to cash in on hot property market

Oct 2021Karen Millers

The Sunshine State has been named the top spot for investors to buy for the next 12 months, as those seeking a sea or tree change head for regional Queensland.

New research indicates that Queensland’s ‘robust’ market conditions and record sale prices aren’t going anywhere any time soon.

The Property Investment Professionals of Australia (PIPA)’s latest survey named Queensland as the number one property investment location over the next year.

The results revealed that a ‘staggering’ 58% of investors believe the Sunshine State offers the best prospects over the next year. This is up from 36% last year.

Brisbane topped the list as the best spot to buy, with 54% of respondents believing the state’s capital will have the best investment prospects.

Image Property Director of Sales Adam Empringham said southeast Queensland has had ‘super strong’ demand from buyers.

“There is no question that market conditions in the southeast are the best they have been for more than a decade, which is a situation that is showing no sign of abating,” Mr Empringham said.

“Since the start of this year, the median house price in Brisbane has soared an extraordinary 19.2%, with units also increasing in value by 8.3% over the same period, according to CoreLogic.”

He said another reason prices are ‘skyrocketing’ is due to the persistent undersupply of properties available, as stock has reduced by 32% this year alone.

For investors considering relocating, regional Queensland was one of the most popular locations.

Investors looking to buy in coastal and regional locations have risen markedly since last year, according to research.

“The Sunshine Coast market is red-hot with properties selling at the first open for inspection, or for record prices under the hammer, to investors and homeowners alike,” Mr Empringham said.

“In fact, the coast is experiencing a new record low number of property listings, according to SQM Research, which is pushing prices ever higher.

“The total number of property listings on the Sunshine Coast has fallen a further 37% over the year to September, with asking prices up more than 17% as a result.”

 

Rachel Horan, Savings.com.au, 18 October 2021
https://www.savings.com.au/news/queensland-number-one-property-investment-location

 

Are you watching the clock

Apr 24

Is now the right time?” It’s a commonly asked question by both buyers and sellers in the property game, and while real estate experts often caution against trying to time the market, there are several factors that can help you decide if the market is ripe for buying or selling.

We strive to bring accountability, ethics, and education to the property investment industry.

PIPA exists to improve the professional standards of anyone providing property investment advice to consumers. Our voluntary Code of Conduct means that members adhere to a high set of professional standards to help protect consumers. Qualified Property Investment Advisers (QPIAs®) have the highest form of industry-recognised, specialist training and can be trusted to provide tailored and unbiased advice to consumers.

PIPA also regularly produces research, analysis, and publications to help educate our members, media, and consumers about the property investment sector.

By signing up for our newsletter, you will gain access to two of our most valued resources – the Annual Investor Sentiment Survey report and the quarterly PIPA Adviser e-magazine.

2023 Investor Sentiment Survey

The Annual PIPA Investor Sentiment Survey is a rare snapshot of the buying intentions of property investors.

PIPA Adviser Magazine

The PIPA Adviser provides the latest research on market conditions, including forecasts for next year.