Fraser Coast prepares for real estate boom

By the resi financial blog team, 06 January 2014

Fraser Coast real estate boom

Property in Queensland's Fraser Coast could prove to be particularly appealing in the year ahead, according to one real estate expert.

Linda Blair, Fraser Coast chair of the Real Estate Institute of Queensland, told APN that buyers are approaching the market with increasing confidence - and this has led to consistently higher property sales in 2013.

Demand from investors has been particularly strong, she explained, and rental vacancy rates remain low.

"We will need to be careful that there is enough land to supply the market," she said, adding that in some cases residential properties are selling more quickly than ever before.

Speaking in November, REIQ president Anton Kardash observed that Queensland is among the most affordable places to buy or invest in property in the entire country.

Across the state, the different regional markets have never been completely consistent, he explained, noting that certain mining communities have performed exceptionally well in recent years.

"We often experience phases of recovery and growth in some regions, while other areas simultaneously experience patches of more stable activity," Mr Kardash said.

However, one key advantage that Queensland has over major centres such as Sydney and Melbourne is that real estate prices in the sunshine state are increasing at a measured pace. In the country's most populous cities, price growth is progressing at an "unsustainable" pace - but in terms of long-term investment, Queensland could be a wise option to consider.

Across the board, the state is looking forward to "good times" in the year ahead, he said.

If you are considering a property purchase in Queensland, it's worth doing your research to track down the best fixed interest rates for your investment loan. Make sure you ask plenty of questions to determine that the product that is right for your circumstances.

Categories: Home Loans