John McGrath has cited South East Queensland as becoming more popular for a change of lifestyle in his column for Switzer.
South East Queensland is a more attractive option due to Sydney becoming more unaffordable because of 5 years of unprecedented growth.
There are ample opportunities for investors as Sydney and Melbourne have simply become out of reach for some buyers.
Average rental yields in Brisbane/Gold Coast are 4.1% for houses and 5.3% for apartments according to CoreLogic, which is well above average, with Sydney yields at 2.8% for houses and 3.9% for apartments.
Yields in Melbourne for houses are currently 2.7% and 4.2% for apartments.
If you are struggling with your mortgage in Sydney and Mebourne, you can completely transform your situation by moving to Queensland, where high quality properties are often a third or even a quarter of the price in Sydney.
One bedroom apartments in Sydney are selling for $800 000 to $900 000 whereas on the Gold Coast, you can buy a house by the water for the same price.
Chinese developers are investing millions and the Commonwealth Games is creating a lot of optimism and excitement.
Prices are going to rise however, so don’t wait too long if you are going to invest.
Valuation firms like Herron Todd White describe typical 3-4 bedroom houses on a 500-900 sqm block rising in value by 20-25% over the past 18 months.
If you are struggling with your mortgage in Sydney or Melbourne or looking for more affordable investment opportunities, South East Queensland is certainly a very attractive option.
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