SOUTH EAST QUEENSLAND PRIMED TO BE 2021'S TOP MARKET

South East Queensland is shaping up to be a strong bet for investors, with properties from the Gold Coast to the Sunshine Coast selling fast and on a solid foundation for capital growth in 2021.

For much of 2020, it has seemed like just about everybody in Australia wants to move to Queensland. As the pandemic began, so did a major demographic shift to the Sunshine State, with a report from the Australian Bureau of Statistics showing Queensland had a net gain of more than 22,000 people in 2020, nearly double its 10-year average of 12,409.

Demand for houses is ramping up quickly as a result, erasing any predictions of property price plunges and pivoting them to prognostications of significant capital growth. 

As well as Queensland’s enviable lifestyle and the state’s ability to suppress the coronavirus, buyers have been attracted to a rising, and reasonably affordable, property market. 

Combine Queensland’s unique factors and market characteristics with historically-low interest rates, surging consumer confidence, and billions of dollars in infrastructure investment, and the scene is set for a property boom.

“South East Queensland was already in a very strong position going into this, it was sort of on the cusp of a broader based real estate boom prior to COVID hitting, so we knew that once we came out of the other side, providing we dealt with the crisis well and governments managed it well, both here and federally, that we thought we’d be in a good spot.”

Source: Australian Property Investor. Click here to view the original article.