Powered by MOMENTUM MEDIA
research
1 minute read

Post-flood opportunities for investors

Post-flood opportunities for investors

by webmaster | February 10, 2011 | 1 minute read

Investors are likely to be one of the few winners from Queensland's recent flood disaster as demand for flood-proof property pushes up prices and yields, according to Metro Property Development.

by webmaster
February 10, 2011

Metro Marketing Director Ken Woodley said the floods may have a significant long term affect on the Brisbane rental market and the value of investment properties.

"There will be an immediate short-term scramble for rental properties as those affected look for a place to live while they rebuild," he said. "This will certainly drive demand and rents up."

"The longer term impact is more difficult to foresee but our expectation is that the increased economic activity surrounding the re-building process of public infrastructure in the medium term will sustain the immediate increases in yield and values."

"Re-construction will create jobs, rents will rise and many of those affected may want to move to new flood-proof areas."

Advertisement
Advertisement

Construction of the developer's New York-inspired The Chelsea Bowen Hills project which started prior to Christmas was not affected by the flood disaster with the project still due for completion in mid 2012. None of the company's seven other sites around Brisbane were affected.

Post-flood opportunities for investors
default
spi logo
share the article

Subscribe to get the latest news and updates - join a community of over 80,000 property investors.

Check this box to receive podcast updates

From the web

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.