Brighter Buying

Buyers flock north

by Kate Watt, Marketing Manager 26 November 2015

The school holidays haven’t even started yet and Queensland is being inundated with southerners. It’s not the sun and surf they’re after – it’s our bargain properties.

As the Sydney and Melbourne markets hit their peak, investors are flooding to Brisbane, the Sunshine Coast and Gold Coast to take advantage of our cheaper buying conditions.

The 2015 November Market Report published on the Your Investment Property magazine website points to buoyant conditions with buyers agents reporting ‘multiple offers’ as standard for good quality investment properties.

Confidence among buyers and sellers is now returning, reports Your Investment Property magazine.

As we’ve previously reported, it’s the middle ring that is getting a lot of attention.

Suburbs 10-15km from the city offer the greatest potential, Zoran Solano, senior buyer’s agent at Hot Property Buyers Agency, told Your Investment Property magazine.

These hot spots are starting to see prices exceeding the 2007 to 2008 boom years, whereas prices in areas beyond that radius could be more volatile, he said.

Zoran also cautioned investors to be wary of larger apartment complexes with more than 30-40 units, tipping boutique complexes to avoid the risk of oversupply.

Read the2015 November Market Report on the Your Investment Property magazine website.