{"id":3187,"date":"2022-08-05T17:24:26","date_gmt":"2022-08-05T17:24:26","guid":{"rendered":"https:\/\/royabhishek.in\/urbanbuyer\/regional-queensland-still-delivering-for-savvy-property-investors\/"},"modified":"2022-08-05T17:24:26","modified_gmt":"2022-08-05T17:24:26","slug":"regional-queensland-still-delivering-for-savvy-property-investors","status":"publish","type":"post","link":"https:\/\/royabhishek.in\/urbanbuyer\/regional-queensland-still-delivering-for-savvy-property-investors\/","title":{"rendered":"Regional Queensland still delivering for savvy property investors"},"content":{"rendered":"

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Fuelled by a strong resources sector, high rent yields and major infrastructure developments, regional Queensland has proven largely resilient as interest rates have risen<\/a> and deterred buyers in many other markets.<\/p>\n

\"Jack<\/p>\n

Jack Bird, Director, Cameron Bird Group<\/p>\n<\/div>\n

Managing Director of the Cameron Bird Group, Jack Bird, said investors needed to be mindful that even though the national property market was in decline, there were other markets that were still performing well.<\/p>\n

\u201cTo date regional Queensland is proving to be resilient amidst the downturn and in fact several regional locations recorded continued price growth in the first quarter of 2022,\u201d Mr Bird said.<\/p>\n

\u201cWith interstate migration into the state continuing, sales activity is strong, and supply and demand imbalanced, with demand outweighing supply.<\/p>\n

\u201cStrong investment in the economy and the resource sector bouncing back truly puts Queensland in a strong position for growth in this year and through 2023.\u201d<\/p>\n

Dwelling values across CoreLogic\u2019s combined regionals index were up 41.1 per cent from the pandemic trough to the June peak, compared with a 25.5 per cent rise across the combined capitals index.<\/p>\n

Regional Queensland, driven in large part by the south east, was up 19 per cent of the past 12 months.<\/p>\n

\u201cInvestors should be aware of the difference between a declining market and the rate of growth slowing; Queensland properties are still growing in value, if admittedly slower than what we have seen over the past two years, however, it is just the rate of growth that has changed.\u201d<\/p>\n

Yields and yards<\/strong><\/p>\n

Mr Bird singled out markets such as Gympie<\/a>, Toowoomba<\/a>, Hervey Bay, Bundaberg<\/a>, Gladstone<\/a>,\u00a0and the Sunshine Coast as investor markets with capital upside, strong rental income potential and frequently larger block sizes.<\/p>\n

\"Sunshine<\/div>\n

\u201cWith vacancy rates in most Queensland regional towns now well under 1 per cent there truly is a rental crisis<\/a> and the demand for new rental properties coming on the market has never been stronger.<\/p>\n

\u201cWith the industry and resource sector bouncing back strongly in cities like Gladstone that have a robust and diverse economy, complemented by recent investment in the region, its providing a strong and sustainable market recovery, so we are continuing to see price growth while capital cities are experiencing a slowing market,\u201d Mr Bird said.<\/p>\n

\u201cGympie is another rising market that has huge new infrastructure projects on the go, like a new highway bypass that will provide fast access to Noosa\/Sunshine Coast within 30 minutes, connecting country living easily accessible to the best beaches in Queensland.<\/p>\n

\u201cAgain, Gympie has extremely tight vacancies (under 0.3 per cent) and offers affordability and high yields.\u201d<\/p>\n

The Regional Australia Institute said this week that housing affordability will see large parts of regional Queensland more insulated from property price drops than cities.<\/span><\/p>\n

The Regional Australia Institute also forecasts a continued movement of people\u00a0from capital cities into regional areas.<\/span><\/p>\n

Toowoomba is among the regional towns bucking the national trend, with home values up 0.7 per cent in July.<\/span><\/p>\n

Investment allure<\/strong><\/p>\n

Large parts of Queensland have benefited from remote and flexible working arrangements more than any other state, and there are excellent opportunities to buy property in the Sunshine Coast, and just 40 mins north to Gympie, and coastal Hervey Bay (near Fraser Island<\/a>) Bundaberg and Gladstone.<\/p>\n

\u201cWith prices that are very affordable, now is the time to be looking to invest.<\/p>\n

\u201cWe have just secured some off-market cash flow positive properties, namely new three-bedroom townhouses extremely well priced at just over $300,000,\u201d Mr Bird said.<\/p>\n

\u201cInvestors would not be able to build these properties new for these prices.\u201d<\/p>\n

The economic investment committed to this region over the next decade is significant, including developments planned in the health, energy, defence, agriculture, tourism and mining sectors.<\/p>\n

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Regional SE Queensland\u2019s key investor lures:<\/h3>\n