Why invest in South East Queensland?

A lot of doubting Thomas' have asked me, "Why invest in South East of Queensland (SEQ)?"

Here are 5 reasons why you should consider investing in SEQ in the next 5 years.

1. Government spend on infrastructure - strong building of infrastructure, especially when you look at what’s happening in Brisbane and now the Gold Coast and Sunshine Coast. There are a lot of good things happening – the Toowoomba airport that’s going in. There has been some really strategic and good quality investment in South East Queensland.
    
2. Affordability - There is a value gap. When you look at the cost of buying an equivalent home in the southern states of Sydney and Melbourne, which have traditionally been very strong feeder for investment and for sea changes coming out of the southern state, you see that the value gap is now far too large, making it difficult for first time investors to enter the market.

In Sydney today, you’re probably going to pay $700,000 to $800,000 for one-bedroom inner-city unit – one bedroom – and as you would know well, in South East Queensland, in any number of beautiful cities and towns and regionals, for $700,000 or $800,000, you’re getting some of the best property available, with more to offer than just a one-bedroom unit.

     3.  The Commonwealth Games will serve as a catalyst or a reason for people to feel                                     optimistic and do something again. The games are a good impetus to stimulate interest in                   investment properties.

      4.  Influx of high-wealth overseas – particularly Chinese – buyers. They are now looking for                     value for money beyond Sydney and Melbourne.

      5. Telecommuting trend -  People are using the Internet, they’re using Skype and they’re                          using all sorts of other technological advancements, and they no longer have to                                     necessarily be in Sydney to do work for a Sydney company. People are now able to make a                   lifestyle choice and still do their jobs from elsewhere.

So which SEQ suburbs do I foresee growing in the next 5 years?

1. Outer cities of Brisbane CBD - oversupply of units in Brisbane CBD will be in the short term. Undersupply of housing will occur in the medium term as current supplies cannot cover growing population and people migration.
2. Gold Coast
3. Sunshine Coast
4. Moreton Bay
5. Logan
6. Springfield/Ipswich.