South East Queensland is a Property Buyers Market now but prices will rise
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There are strong signs of positive growth movement in the property sector in South East Queensland with Brisbane and the Gold Coast both showing strong construction gains in the high-rise unit plus housing sectors.
With Sydney and Melbourne property prices growing to unrealistic levels, buyers are getting far better value for money in beautiful Queensland and buyers are still in the drivers seat due to a few other factors.
The Reserve Bank of Australia (RBA) held the interest cash rate at 2.25% in March 2015 and according to the Australian Bureau of Statistics (ABS) “Seasonally adjusted figures” economic growth was slow in 2014 with the following data recorded;
Investment in housing, up 2.5%
Business investment, excluding housing, down 4%
Government consumption spending, up 0.4%
Public sector investment, down 0.9%
Household spending, up 0.9%
Total spending within Australia, up 0.6%
December quarter up 5%
September quarter up 4%
June quarter up 5%
March quarter up 1.1%
Annual growth of 2.5%
Exports up 1.0%
Imports down 2.5%
Smart buyers continue to secure long term nest-egg investment opportunities and in the future will be show to be strong winners with positive capital gain I am sure.
