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The tide is turning for the Brisbane property market

Since the peak of the resources construction boom, it’s been a long, slow period for Queensland’s economy.

But things have been looking up.

Tens of thousands of Australians are now relocating to Queensland for its considerably cheaper and warmer climes, particularly from New South Wales.

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Immigration to Queensland is also picking up from overseas.

Population growth in the state has suddenly roared back from below 60,000 to above 80,000…and rising.

With cheap entry prices for property investors, and tens of billions of dollars of equity in the most populous states looking for a home, opportunities abound in south-east Queensland.

Unfortunately many interstate investors will get caught out as they did in the last cycle buying the wrong type of property, especially in the new apartment space.

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About

Pete Wargent is a Chartered Accountant, Chartered Secretary and has a Financial Planning Diploma. He’s achieved financial freedom at the age of 33 - as detailed in his book ‘Get a Financial Grip – A Simple Plan for Financial Freedom’. Pete now manages his investment portfolio, travels and works as a consultant in the finance industry from time to time. Visit his blog


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