|
Why should you want to invest in the Queensland Property Market?
- Australia’s population growth (315,000 pa) fastest on record, Queensland fastest growing state/territory.
- Population projections estimate around 4.3 million could call South East Queensland home by 2031
- Residential prices rose by 14% last 12 months, across Brisbane by 21%.
- Vacancy rate is under 2%, rental growth in double digits, new market is also undersupplied.
- Strong economic growth, especially commodity states like Queensland.
- Rents are likely to growth faster than 15% this year. Tenants will take
longer leases and sharing accommodation will increase. 27% renters in
Qld already do.
Dwelling Demand and Supply
Forecast demand per annum current deficiency 2007
Australia 182,500 32%
Queensland 44,900 46%
Dwelling Demand and Supply
Forecast demand per annum current deficiency 2007
Australia 182,500 32%
Queensland 44,900 46%
State Economic Growth (GDP)
3 months to Dec 2007
Australia 1.8% 5.8%
Queensland 2.1% 7.2%
Projected resident population
pa% increase 2008
Australia 32% 284,000
Queensland 57% 99,000
Rental crisis to worsen
Up to 40% of Brisbane households will be forced to rent by 2011 because of the worsening housing affordability crisis, a leading property forecaster has warned. And the tight market meant some renters might start to negotiate leases running for several years instead of traditional six-month terms. Michael Matusik believed simultaneous rapid price growth in the residential and rental markets meant more consumers would be forced to become long-term renters, unable to save for house deposits after forking over huge amounts in rent. The Courier-Mail, 24-25 May 2008
International Investors
What is a non - resident borrower?
The term non-resident refers to those people who do not have permanent residency status in Australia i.e. those who do not hold a special category visa.
You will be required to make application through the Foreign Investment Review Board.
The Foreign Investment Review Board is a non-statutory body established in April 1976 to advise the Government on foreign investment policy and its administration. It examines proposals by foreign interests to undertake direct investment in Australia and makes recommendations to the Government on whether those proposals are suitable for approval under the Government's policy.
The application form and information can be found at www.firb.gov.au
Source of Information :-
Mary Kehely (Secure Realty) – Specialises in Property Investment Consulting.
Tel (07) 3356 2440
Mob. 0414 745 805
Email –
This email address is being protected from spam bots, you need Javascript enabled to view it
Matusik Property Insight – www.matusik.com.au
|
