Top 5 QLD Regional Hotspots

Top 5 QLD Regional Hotspots


– One of the most important
things to understand about Australian property
markets is that we don’t have one, Australian property market. We have many different markets,
literally thousands in fact. One of the problems is that
media tends to generalize and talk about what’s happening in the Australian property market. Because it generally is
obsessed with Sydney, the fact that Sydney is no longer booming. In fact there’s evidence
of prices declining. That’s extrapolated to the whole nation so we’re seeing headlines about Australian property prices falling. Of course, that’s not the case. While Sydney is winding down and Melbourne’s probably past it’s peak, other markets, other major markets around Australia are doing
quite different things. One of the places, where
something quite different is happening is in Queensland, generally, both Brisbane and southeast
Queensland on one hand and also regional Queensland on the other. So in regional Queensland, for example, we’re actually seeing recovery
and we’re starting to see markets starting to rise as
some of those major cities in the south are falling. Many of the markets that were impacted by the downturn resources sector, are now showing signs of recovery. Or there’s places where the resources lakes
were still thriving, but they suffered because of
the growing use of flying. Fly at work as in temporary workers camps which makes demand for
combination of restaurants. Developers were expecting when they built lots of new dwellings in those places like Gladstone and Makai, for example. We starting to see
recovery in those markets, but also we’re seeing a
strong economies emerging with some of the regional
centers of Queensland that are not so linked
into the resources sector largely through major
spending on infrastructure and expansion and diversification
of those economies. A couple of examples of that
are Townsfall up in the north and the Sunshine Coast, just a
little bit north of Brisbane. Both those economies are
diversifying, expanding, improving, and massive spending on
infrastructure is part of the reason for that. Both the Sunshine Coast and
Townsfall individually have projects on the books
totalling more that $20 billion either underway or in planning. That’s the influence that’s making this particularly
interested in those markets. Townsfall is one of those places where if you look at the
current real estate statistics, you wouldn’t be so
interested in that market, but we’re always looking to the future. We can see that what’s coming up for Townsfall is quite massive. That market is gonna grow. Right now pricing is attractive
’cause prices have fallen for the last four years. Sunshine Coast is more advanced
with its economic cycle and we’re already seeing good
price growth in that market with more to come as the evolution of their economy continues. So those are a couple examples
of places that we highlight in the new addition of Top Five Regional Queens and Hotspots. There are also places now where
there’s strong consideration in the Brisbane market, in our top Five Brisbane Hospots report. Particularly those more affordable areas such as Afut City down in the southwest. Some major, economic news
boding well for the future of that market which is probably
the most affordable market in the greater Brisbane area. Also, good things happening
up in the far north in Numorten Bay local government area where there’s also a high
level of affordability, god infrastructure, and
proximity to major jobs. Those are the things
that we’re highlighting. While we’re increasingly optimistic about property markets in Queens, and underpinned by improvements
in the stated economy which is the thing that’s been
lacking the last few years. Population growth numbers are starting to favor Queensland again
and it’s also the states that is creating more new jobs than any other state or
territory in Australia. Well worth considering–

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