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Pete Wargent blogspot
PERSONAL/BUSINESS COACH | PROPERTY BUYER | ANALYST
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, Markets & Economics Editor, Sydney Morning Herald.
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Monday, 29 January 2018
Turning of the tide
Tide turning...follow the sun
Since the peak of the resources construction boom, it’s been a long, slow period for Queensland’s economy.
But things have been looking up.
Tens of thousands of Australians are now relocating to Queensland for its considerably cheaper and warmer climes, particularly from New South Wales.
Immigration to Queensland is also picking up from overseas.
Population growth in the state has suddenly roared back from below 60,000 to above 80,000...and rising.
With cheap entry prices for property investors, and tens of billions of dollars of equity in the most populous states looking for a home, opportunities abound in south-east Queensland.
Unfortunately many interstate investors will get caught out as they did in the last cycle buying the wrong type of property, especially in the new apartment space.
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