In Queensland just over 27 per cent of all sales are from landlords, compared to roughly 19 per cent five years ago, reports realestate.com.au.
This same trend is occurring across all Australian states.
Interest rate hikes and changes to rental laws have prompted an increasing number of landlords to cash in their capital gains and regroup on the sideline.
But for cash-flow secure investors, buying counter-cyclically can be a great opportunity. What does that mean? When others leave the market, can be a great time to dive in.
If you’re looking to buy an investment property, where should you narrow your search?
It’s great to balance growth with stability, writes Property Update. And they suggest 16 suburbs that should be on your radar, including the ever-popular Stafford Heights, Chermside West and Wavell Heights here on the north side.
“While growth is on the mind of every investor, importantly these locations could also be considered recession-resistant,” writes Property Update.
“That’s because each of these noteworthy suburbs is close to major employment hubs, they have bulletproof school catchments and immediate access to public transport and local infrastructure.”
Check out the 16 ‘recession proof’ Brisbane suburbs tipped for price growth:
- Wilston
- Teneriffe
- New Farm
- Ascot
- Ashgrove
- Wavell Heights
- Highgate Hill
- Taringa
- Keperra
- Mansfield
- Cannon Hill
- Stafford
- Tarragindi
- Stafford Heights
- Chermside West
- Holland Park
Want to break into the market? View our current listings for sale.
Want to bail out of the market? Talk to us about selling.