Ensure you never miss an issue of the
real estate business bulletin
Flat QLD market prime for investors

Flat QLD market prime for investors

by Reporter 0 comments

James Mitchell

Queensland’s residential property market has softened significantly, suggesting an investor revival may be on the way.

According to PRDnationwide, sales in the Sunshine State dropped 28.1 per cent in the year to December 2010, with rising interest rates and cost of living doing little to help the damaging effects of the floods and Cyclone Yasi.

But, PRDnationwide research analyst Josh Brown said historically low sales rates and increasing price discounts should help to fuel an investor rebound at the end of 2011.

“Purchasers looking at property should consider that historically low sales activity, softening capital values and increasing rental yields, form an ideal market to buy a property primed for strong returns,” he said.

The suburbs hit worst by falling sales volumes were Buderim, Deception Bay and Gympie registering a drop of 90 or more sales in the six months from July to December 2010.

 

 

 

le>.b-autolinks{text-decoration:underline}.b-autolinkshadowbox { display: inline; position: relative; cursor: pointer; color: #428bca;} .b-autolinkshadowbox:hover > span { display: block !important; } .b-autolinkshadowbox__links { white-space: nowrap; z-index: 999; display: none; left: 0; border: 1px solid #bfbfbf; border-radius: 5px; font-size: 12px; top: 12px;color: #000; padding: 10px; position: absolute; background-color: #FFF; box-shadow: 0px 0px 20px 1px #bfbfbf; } .b-autolinkshadowbox__links > a { display: block; padding: 3px 0; }
Flat QLD market prime for investors
lawyersweekly logo
promoted content
Recommended by Spike Native Network
Listen to other installment of the Real Estate Business Podcast
reb top 100 agents 2017

The REB Top 100 Agents ranking is the foremost ranking of agents in Australia. It has set the bar for excellence in Australian real estate. To be ranked as an REB Top 100 Agent is the standard real estate professionals strive for. See the full 2018 ranking here!

featured podcast

featured podcast
An industry where the resilient succeeds

Tim Heavyside believes that a strong support team and good foundations are paramount to success in the real estate industry, and with regu...

View all podcasts

Would you consider working for Purplebricks or a similar 'DIY' model?

Yes (7.2%)
No (80.9%)
Perhaps - make me an offer (12%)

Total votes: 209
The voting for this poll has ended on: July 13, 2018
Do you have an industry update?