Queensland, the lucky State
Queensland is in a unique position globally right now, having a rapidly-expanding population combined with a chronic shortage of housing fuelled by an unparalleled minerals boom which all adds up to make the Queensland property investment market a very attractive proposition.
This set of circumstances puts upward pressure on rents, while tenant vacancy rates are at an historic low… with homes in some locations being tenanted even before the home is completed.
Property investment is and always has been, an affordable way for average Australians to grow their wealth and plan for a richer retirement. Lack of investment education and understanding hold most people back from realising a better lifestyle in the future and often they’re surprised by how little it costs to buy and maintain an investment property, especially with tenants and the taxman helping to cover the overheads!
Your rental return, asset growth and other tax benefits can help you build greater levels of wealth over time with a property investment plan than you can with after-tax savings or most other investments.
Why?…because successive Governments’ inability to find ways to address the shortage of affordable housing and the rising limitations to entry to the property market (first home buyers) means that there is only one solution for the almost one third of the population that rent to find adequate housing – that solution is you, the individual property investor.
One of the many advantages of being a property investor in Australia is that the Government recognises the need for private investors to contribute to the rental pool and provides incentives by the way of depreciation and other tax rebates. Over 30% of the population already rent and with the decline in entry affordability likely to see this increase to over 40% in the next 15 years or so, the Government needs private investors to add to supply more housing than ever before.
When you put this nation-wide need and change in context of Queensland the problem and opportunity is even greater. The global demand for resources is unlikely to significantly drop any time in the next few decades and the diversified resources in Queensland, along with having the most dispersed or regionalised population of any state means that there are significant towns across the state with rapidly increasing demand in accommodation. The pressure placed on these towns over the next decade is seeing vacancy rates plummet while rents and prices increase.
Its not without it’s risk so while the opportunity is unlike any we have seen before, getting it right (the right properties in the right places at the right time) is getting harder, the strong message is… it’s a very exciting time to be investing in property but now more than ever we need expert help to get it right.
All of this, on the back of a very strong long term outlook for the Australian economy, means good news for property investors… and lots of great opportunities for investors for years to come.
But remember, investing is only half the picture… having your property managed professionally to maximise the return on your investment is the other key ingredient and that’s where we come in.
Contact us for an obligation free chat about your investment property by calling
1300 777 368 or fill out the form below and we’ll be in touch as soon as possible.