Pivotal Homes' CEO Michael Irwin has recently stated that he believes demand for investment properties in Queensland will continue to rise. This belief is backed by various market leaders including a June 2017 report by "Your Investment Property" magazine online.
Surfers Paradise, Australia - June 2, 2017 /PressCable/ —
Pivotal Homes’ CEO Michael Irwin has stated that he believes demand for investment properties in various parts of Queensland will continue to rise. Michael Irwin’s position on this topic is supported by his 10+ years experience in the Queensland building industry. His position is also consistent with various leading financial sources who are reporting the same trend, including a Queensland property report published online by “Your Investment Property” magazine in June 2017.
According to the extract of the report shared on the magazine’s website, Brisbane is “still regarded as an under-performing property market”, despite becoming an increasingly popular investment property location.
One of the reasons why the author of the report believes in the future growth of investment properties in Queensland, is because of the low prices. Queensland investment properties are considered very affordable, especially when compared with the prices of similar properties in the Sydney market – where the median house price is $1.15 million according to popular real estate website, Domain.com.au. Several articles can be found online highlighting the ridiculous pricing of Sydney housing, by demonstrating various luxurious homes one can purchase for this price around the world… making the Sydney offerings pale dramatically in comparison.
In contrast to these high Sydney prices, the median house price in Brisbane is just $655,000 which represents “consistent, sustainable growth that the Brisbane house market has become known for,” (as quoted by REIQ chief executive Antonia Mercorella in the report extract online). The Sunshine Coast has an even lower median price of just $545,000 – less than half the median price for Sydney.
“It shouldn’t be a surprise to discover that a primary reason for the growing interest in the Queensland property investment market is affordability. A lot of people just can’t afford the high prices of Sydney properties, so they’re looking for lower-cost alternatives. In the Queensland market, especially in Surfers Paradise, their investment dollars stretch a lot further, which can mean less risk and greater rewards,” Michael Irwin said.
Not only are the prices attractive to property investors, the lifestyle offered by many Queensland suburbs is also very appealing to local, interstate and international property investors.
The “Your Investment Property” article goes on to suggest the key “suburb to watch” is Burpengary in the Moreton Bay area, due to its rapid growth. They say it is, “regarded as one of the area’s fastest growing residential suburbs”, highlighting the various school options and major supermarket chains in the area.
In terms of financial growth, the author of the report also singled-out the Sunshine Coast and the Gold Coast as having the strongest growth in median prices over the past 12 months.
Pivotal Homes has built a reputation of helping both new and experienced investors to build their wealth through quality investment properties in Queensland’s Sunshine Coast.
Readers can connect with Michael Irwin from Pivotal Homes on Linkedin here: https://au.linkedin.com/in/mick-irwin-20377a16
Contact Info:
Name: Michael Irwin
Organization: Pivotal Homes
Address: Level 5, 33 Elkhorn Avenue, Surfers Paradise, QLD 4217, Australia
Phone: +61-7-5504-5047
For more information, please visit http://pivotalhomes.com.au
Source: PressCable
Release ID: 204517
