Queensland – Poised to be a Price Growth Leader!
Brisbane has lagged other major cities but is poised to be a price growth leader in 2014. It should be the rising market of the capital cities, having recovered from the 2011 floods and the 2012 slash-and-burn policies of the state government. In the latter part of 2013 the city was showing the first signs of a return to meaningful price growth.
Markets with particular impetus include Redcliffe peninsula, where affordable bayside suburbs will be boosted by the $1.2 billion rail link whose construction is under way. Kelvin Grove and Toowong, at the opposite ends of the soon to be open Legacy Tunnel, will be boosted, particularly as both locations have plenty of additional attractive qualities.
The master-planned Springfield community is the focus for considerable new infrastructure spending, including the rail link that opened in December last year. Another master planned community to watch out for is Yarrabilba on the Southern outskirts of Brisbane. It’s experienced massive growth to date and is set to continue. There are also some very good growth opportunities on the Gold Coast with tourism and interstate migration on the increase again.
If you are looking to buy or invest in SE QLD then I’d highly recommend you get a full financial assessment before you do so. Even though the market is looking very strong always make sure you’re in a very strong financial position before committing to such a large property purchase. Don’t get excited by the markets and over commit. If you do want any assistance at all with financial health checks then please contact us for further information.