At the moment we are experiencing a “Perfect Storm” of economic factors that are driving prices up at the fastest rate in almost two decades.
Every state was in a positive position of growth with the highest growth going to Darwin followed by Sydney (no surprise there)? However that story has been up and down in the last 18 months, but, an interesting note is the steady ongoing increase in the Brisbane region which has continued on its growth trajectory.
At the moment there is a building boom across all of SE QLD which is causing delays in materials for construction, currently wood is in shortage due to import restrictions which in turn is used for housing frames causing delays, etc…
This situation is being mirrored across all of Australia at the moment.
Internal migration is very high in Qld currently (even with external migrant border restrictions) and they all need somewhere to live, the causation of this is that there is a rental property shortage which depends on the building of investment properties. A sad case of supply and demand I am afraid.
For any potential investor, the time to get into the market is NOW. Please contact us for any enquiries you may have regarding your investment strategy or in questions general.
We offer a FREE advice service for this.
Prof Stephen Catterall MBA
Stepping Stones Property Group
