A network has further expanded from the Pilbara region in WA to central Queensland, aiming to help investors find positivley geared properties.
Crawford Property Group has expanded over the past six months to include offices in Perth and Brisbane, and has recently launched its first off-the-plan division for Queensland.
“The market developments and resource demographics we’re seeing in Queensland mirror what has been happening in WA’s Pilbara region over the past decade,” Crawford Property group’s CEO Ryan Crawford said.
“Huge infrastructure projects and rising populations have caused both rent and property prices to soar. The iron ore hub of Newman has been generating returns in excess of 15 per cent in some cases.”
According to the company, which specialises in finding investors positively geared properties, the move is part of a new national brand that will include offices being set up in Sydney and Melbourne later this year.
“In central Queensland, Gladstone is set to be a major player in Queensland’s resource centre. It has a staggering $105 billion in approved and planned infrastructure projects and with over $65 billion currently under construction, rents have increased steadily and median house values rose 22 per cent over the past two years,” Mr Crawford said.
The combination of population growth, an undersupply of rental stock and strong infrastructure investment - driven by major resources projects - is creating the perfect environment for positively geared properties.
“Clients are becoming increasingly interested in the area and what’s even more appealing is that the market is easily accessible – investors will be able to buy in as low as $500,000 for brand new properties,” he said.
CPG has a team dedicated to researching and sourcing quality off-the-plan properties for its nationwide clients, many of whom have built multimillion dollar portfolios over short timeframes.