Queensland Property Research
I just wanted to update you as to my property research findings so far.
Note: I haven’t finalised my research but just wanted to let you know the direction I am heading.
I have been examining QLD in depth. I have previously mentioned that Gladstone & Mackay are definitely ongoing hotspots. My research has revealed this is still the case. However, Gladstone has already had significant price rises so I would only recommend Gladstone if we can find a bargain. Mackay (and neighboring Emerald) have not yet risen as significantly as Gladstone and are my preference in this area. The price point however is still in the mid to high $400,000’s and SMSF stock is hard to come by. SMSF stock needs to be a completed house rather than house and land package and due to the high demand builders are able to sell off the plan so quickly they are reluctant to sell to SMSF’s as they have to wait longer to receive their money. Watch this space though as I do have a developer promising me SMSF stock next week.
If that price range is too high and/or you would prefer not to go that far South in QLD – I am also looking at really good options very close to Brisbane CBD. These are a lower price point (mid to high $300,000) and have a great rental yield.
My research has involved reading numerous independent economic and valuation reports, government infrastructure plans and bureau of statistics data. I am looking into capital growth %’s, rent yields, vacancy rates, future expectations etc. There is a lot to consider when investing in property and I am hoping to draw all this data together for you ASAP.
I am also expanding my research to include numerous NSW areas such as Newcastle, Dubbo and surrounds. Watch this space for more information.
I will let you know more next week.