South East Queensland Property Sector is slowly bouncing back
South East Queensland Property Sector is showing positive signs of picking up again after the Global Financial Crisis hit it seven years ago.
There has been a turnaround in tourism and construction with net jobs growth also picking up.
Property sales have improved with increases of 11% in Housing and 39% in Units from two years ago.
Median house values have increased by 11.2% during the last two calendar years
With the low Australian dollar helping in all sectors.
Rents have been growing faster than house prices, pushing up rental yields up to a very attractive 5% to 6%
here has also been strong investment in prime office building and yield compression in cities like Sydney and Melbourne and Chinese investors have begun to look increasingly at opportunities in other key cities and other property sectors such as Brisbane and the Gold Coast due to value for money.