Highest Property Confidence ever Recorded

Highest Property Confidence ever Recorded

According to a recent survey conducted by the Property Council of Australia, industry professionals have high hopes for the June 2018 Qtr.

The ANZ/Property Council survey, which consults to over 1,000 property professionals nationwide, registered a confidence index of 143, which the Property council of Australia stated is the highest ever recorded. The results of this survey are cause for optimism and has strong economic significance for the Australian property industry. Confidence across the industry is being led by Queensland & South Australia.

The outlook for the housing sector is improving, construction activity is picking up & price expectations are stabilising in positive territory for all states except New South Wales.

In South East Queensland, the key areas of Gold Coast, Ipswich, Brisbane, Moreton Bay & Sunshine Coast are all providing great opportunity for high yields, positive gearing & great income tax savings.

Some key information about these areas:

Moreton Bay

Has over 3,800 hectares of greenfield and infill land ideal for residential and commercial projects and other significant developments with an expected growth of 40% over the next 20 years.

During this time the suburbs of Kallangur, Petrie, Murrumba Downs, Mango Hill, Rothwell & Kippa Ring are forecast to grow by 40,000 residents and 19,000 new jobs.

The Moreton Bay area, as a whole, is No 1 is Australia for future capital growth, according to Terry Ryder of “Hotspotting”.

Some of the key Highlights are:

  • Affordable housing
  • No 2 in Aust for family liveability
  • Road & rail links to Brisbane & Sunshine Coast
  • $140 million expansion of Westfield North Lakes shopping precinct
  • $980 million spending on major new infrastructure

Ipswich

Is one of the fastest growing real estate markets in Australia, growing at twice the rate of the rest of Queensland.

The area recorded the strongest growth in house prices in Queensland during the 2016/17 financial year, growing by 11%

Some of the key highlights are:

  • $2.8 Billion Ipswich Motorway upgrade
  • $12 Billion Springfield community
  • $1.5 Billion Springfield rail link
  • $154 Million Orion shopping centre
  • Expansions to the RAAF Base
  • $1 Billion Citiswich Project

Gold Coast

The Gold Coast’s population has grown considerably over the last decade. The city has gained over 126,000 new residents between the 2006 and 2016 Censuses. From year to year, the city has seen annual population growth ranging from 1.79% to 3.75%. The city is one of the fastest-growing in Australia and with tourism booming and new opportunities opening up with the development of business districts, population is only expected to continue its upward climb in the years to come.

Some of the key highlights are:

  • Almost 600,000 people live on the Gold Coast
  • 5000 new dwellings are needed each year to adequately house this demand
  • The tourism market grew by 7% in 2017 contributing $6.5 Billion to the economy
  • More than $13 Billion new projects are planned
  • A new cruise ship terminal is planned

Sunshine Coast

The city’s booming tourism industry has led to a thriving economy. In addition to appealing to tourists, the city has also attracted hundreds of startups in various fields. Given the opportunities in business and the thriving economy, the population of this city is only expected to continue to see steady growth in the years ahead.

Some of the key highlights are:

  • the development of Australia’s only greenfield city centre within an existing urban area at Maroochydore (underway)
  • the expansion of the Sunshine Coast Airport to deliver direct access to the region from more Australian and international destinations
  • one of the largest health infrastructure precincts being developed in Australia. The 17 hectare health, medical and mixed use precinct adjacent to a new A$1.8 billion tertiary teaching hospital campus
  • major new residential and commercial developments and precincts across the region including the Caloundra South Priority Development Area, known as Aura, which will house around 50,000 people
  • a business, technology and retail precinct adjacent to one of Australia’s top-ranking universities, the University of the Sunshine Coast.

So, what does all this mean for prospective property investors?? Clearly, confidence is high in the property industry at present & now would be a great time to purchase an investment property. So, call us today if you are seeking professional advice on investment properties & would like to discuss your future financial goals to take advantage of the expected property growth for the Gold Coast, greater Brisbane & Sunshine Coast areas.

If you’re uncertain or want to ask a question get in touch with our team:

peter@zenithpropertyconsulting.com.au or steve@zenithpropertyconsulting.com.au

or call us on: 1300 854 552

 

Disclaimer: The information contained in this article is to be considered as general advice. It has been prepared and provided without taking into account your objectives, financial situation or needs. You should consider its appropriateness having regard to your own objectives, financial situation and needs. Before you make a decision, you should obtain and read a Product Disclosure Statement.

Comments are closed.