Queensland, often referred to as The Sunshine State, is the third-most populous state in Australia, and the second largest. As of the recent census, the area has a population of at least 5,000,000 residents, hence the high demand in the Queensland real estate market. The state is home to 10 of Australia’s 30 biggest cities, and is the country’s third-largest economy with agriculture, raw material processing, and tourism as its main income sources. As it is a populous and well-developed state, investing on a real estate property in Queensland is a great opportunity for investors.
Buying a house in Queensland, one often considers factors such as location and weather. As a large state, different areas experience different climates. This can range from the far north’s hot and humid summers coupled with warm and dry winters, to the southern inlands’ hot and dry summers coupled with cool and dry winters.
Living or visiting Queensland has a lot of advantages, including the many tourist attractions in the state. These attractions include:
- the Great Barrier Reef Marine Park
- the Skyrail Rainforest Cableway
- Sea World Gold Coast
- Springbook National Park
If you want more than the natural wonders, you can also visit Dreamworld or Warner Brothers Movie World, which are great for family outings.
Queensland Market Trend
Brisbane, Queensland’s state capital, is not seeing any surge or fall in demand for the past 12 months. There has been a slight dip in the housing prices at the end of 2017 and start of 2018, but the relative affordability of the area, as well as the slowing down of new housing construction, is likely to push demand towards the end of 2018.
The same cannot be said for the Gold Coast, however, as the Commonwealth Games caused demand for buying and renting property are at extreme levels at the moment. Once the Games end, we can expect the slowing down of price increase, both for buyers and renters.
The Sunshine State is the fastest growing state in the Land Down Under. It is a historic state blessed with outstanding natural beauty and a commitment to the future. Securing a real estate in this landmark state is great for first-time owners and starting families, and is also a great way to build wealth and equity for investors.
Popular Locations in Queensland
Other States in Australia
Other locations in Australia are equally as desirable as Queensland. Choose a region below to find out the best locations in the area. If you need information on the real estate buying process for foreigners in Australia, check our Foreign Investor's Guide.
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