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The lesser-known Queensland hot spots

By Sasha Karen 21 June 2019 | 1 minute read

Always a popular state, Queensland has some opportunities that are ripe for investors. Where should you look, and where should you avoid? We take a closer look. 

Brisbane

The SunshineSunshine, NSW Sunshine, VIC State of Queensland is an attractive prospect to some investors who are tired of the Sydney and Melbourne market monopoly, but being the second largest state in the country, there are a lot of property markets to consider investing into.

Glenn “Goose” McGrath of Dashdot said one location that investors could skip over was the Moreton Bay region.

“What we’re actually seeing is between the hotspot locations in the Moreton Bay area, so your Strathpine and those kind of areas, between those areas and the Brisbane CBD, which is the point of greatest utility, were seeing too much supply risk in that gap,” Mr McGrath said.

“For us, thats indicating that theres not going to maintain that long-term growth trajectories. Thats obviously in the face of what a lot of other people are saying around that area.”

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Meanwhile, he does see some investment viability in select pockets around Ipswich.

“There is supply routes on the outskirts of Ipswich, so that means suburb selection is absolutely critical. You really need to make sure were pinning down those exact locations where were going to get the maximum... based on location to utilities and facilities,” Mr McGrath said.

“The project pipeline is really strong in Ipswich, the local councils got huge population growth targets, and theyve been keen to meet those historically, so thats very good to us, and thats going to have a huge impact on the area.

“Plus, theres a lot of both private and public infrastructure projects happening there, which is going to have a huge economic impact.”

North Brisbane was another area that Mr McGrath was considering, but he considers it to be more of a long-term play.

“What were seeing there is probably going to have slower first-year growth, but the long-term view is quite strong. I think everyone agrees Brisbane has got a positive outlook in the short to medium term,” he said.

Travelling even further, Mr McGrath said he sees positive signs in North Queensland, such as Townsville.

“Its still early days there, but there [are] some pretty exciting times coming out of those areas in terms of particularly capturing undermarket values with strong yielding opportunities,” he said.

In order to find the strongest yields along with solid growth characteristics, Mr McGrath recommended to find property priced between $200,000 and $325,000, while a well-performing property in a development would cost between $400,000 and $500,000.

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The lesser-known Queensland hot spots
Brisbane
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