There's no doubt that Queensland is a large state, offering endless opportunities for those interested in buying an investment property. Since the first wave of the global pandemic hit our shores, Queensland has experienced immense interstate migration. It's also garnered popularity from real estate investors across the country.
Queensland offers diverse lifestyle choices. Some of the data we're going to share with you proves that investors aren't just cashing in on Brisbane markets. In fact, Regional Queensland has become a popular choice for property investors to make a steady cash flow or take advantage of capital growth potential. The Sunshine State offers relative affordability and growth in comparison to the other Eastern States.
Investor lending commitments have experienced tremendous growth in the 12 months leading up to September 2021. Lending commitments doubled to just over 202% in Queensland, alone. REA Insights credit this result to ongoing capital growth and attractive rental yields. For Queensland markets, this is especially relevant with the high demand for rentals and house price growth experienced in the last 12 months.
Queensland Dominates Property Investor Enquiries
A study into the increase of real estate investment enquiries, across the nation, found that two of the top five greater capital regions belonged to Queensland. Brisbane took out the top spot for its year-on-year increased change of 186% and Regional Queensland ranked fourth for its 101% increase.
When the top spot was broken down into areas of further investor enquiry, it was discovered that real estate investors were interested in buying property in North Brisbane, Ipswich, Logan and the thriving Moreton Bay Region. Other Queensland locations that experienced an increase in enquiries, included; Toowoomba, Mackay, Gold Coast and South Brisbane.
Affordable In Comparison To Other States
While each State and Territory has experienced year-on-year dwelling price increases, the growth experienced in Queensland is still relatively affordable for real estate investors. In the last 12 months, property prices in Brisbane have increased by 18.3%. In comparison to other capital cities like Sydney at 20.9% and Hobart at 24.5%, buying in Queensland is generally more affordable in comparison to locations as such.
REA Insights concluded that for those looking at buying an investment property in Queensland are likely to spend up to $590,000 on average for houses, and $432,000 for units. These prices points are significantly lower than what they're likely to spend in the ACT, NSW and VIC.
Next Steps For Real Estate Investors
The Queensland market provides excellent opportunities for those interested in buying an investment property. Whether you're an interstate investor looking to diversify your portfolio, or a starting investor looking to gain some traction in the Queensland market - we can help you! REIF are currently assisting a record number of investors make the most of the brilliant opportunities that the Queensland market has on offer.
If you would like to learn more about starting your real estate investment journey, feel free to download our eBook below.
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We explore this topic in our eBook 'Building Wealth Through Property.' Check it out here for FREE!
