Picking investment hotspots in Queensland
Regional Queensland offers key opportunities to residential investors and developers, as it should be insulated from any wider economic downturn, according to CB Richard Ellis director Jason Degn.
The state’s sea change communities and transit nodes in southeast Queensland would provide additional opportunities, Degn told the firm’s clients at a market outlook briefing.
In regional Queensland, Degn highlights Gladstone, Mackay and Townsville as three of the key markets for developers keen to capitalise on the state’s ongoing resources boom.
“There is a phenomenal mining boom surging ahead in regional Queensland and the full extent of it and the long-term flow-on effects to other industries is not completely understood at this stage,” he says.
Degn says international coal prices are at an all-time high and more than $50 billion in new mining-related development is on the drawing board or under way in regional Queensland.
“There is no doubt that the best development and investment opportunities are in regional Queensland,” he says.
“Medium and high-rise development opportunities in the CBDs of Gladstone, Mackay and Townsville are all worthy of serious consideration. The ever-increasing demand for coal and employment growth will ensure short-term and long-term accommodation will continue to be in high demand.”
He also picks the sea change communities of Hervey Bay and Bundaberg/Bargara as another area of opportunity for astute residential developers and investors.
“These regional centres are not reliant on the mining boom, however there is significant growth potential in residential land prices in these areas underpinned by tourism and the sea change phenomenon.”
While the average price for a residential lot in Hervey Bay and Bundaberg/Bargara is considerably lower than the Queensland average of approximately $200,000 per lot, Degn says it’s only a matter of time before land in those areas breaks through that price barrier.
Degn says the suburb has managed to retain the “quaint, laid-back lifestyle” which appeals to the sea changer market.
“With the proposed upgrade to the Bundaberg airport in 2009, this area is set to boom,” he says.
Other areas for developers to consider are the southeast Queensland transport nodes of Chermside, Mount Gravatt, Toowong, North Lakes and Springfield.
“The ever increasing cost of fuel will limit the use of private vehicles for commuting to work in the cities. Hence, housing within walking distance to train lines and bus routes is set increase in value dramatically.”
http://www.apimagazine.com.au/index.php?id=224#3
Regional Queensland offers key opportunities to residential investors and developers, as it should be insulated from any wider economic downturn, according to CB Richard Ellis director Jason Degn.
The state’s sea change communities and transit nodes in southeast Queensland would provide additional opportunities, Degn told the firm’s clients at a market outlook briefing.
In regional Queensland, Degn highlights Gladstone, Mackay and Townsville as three of the key markets for developers keen to capitalise on the state’s ongoing resources boom.
“There is a phenomenal mining boom surging ahead in regional Queensland and the full extent of it and the long-term flow-on effects to other industries is not completely understood at this stage,” he says.
Degn says international coal prices are at an all-time high and more than $50 billion in new mining-related development is on the drawing board or under way in regional Queensland.
“There is no doubt that the best development and investment opportunities are in regional Queensland,” he says.
“Medium and high-rise development opportunities in the CBDs of Gladstone, Mackay and Townsville are all worthy of serious consideration. The ever-increasing demand for coal and employment growth will ensure short-term and long-term accommodation will continue to be in high demand.”
He also picks the sea change communities of Hervey Bay and Bundaberg/Bargara as another area of opportunity for astute residential developers and investors.
“These regional centres are not reliant on the mining boom, however there is significant growth potential in residential land prices in these areas underpinned by tourism and the sea change phenomenon.”
While the average price for a residential lot in Hervey Bay and Bundaberg/Bargara is considerably lower than the Queensland average of approximately $200,000 per lot, Degn says it’s only a matter of time before land in those areas breaks through that price barrier.
Degn says the suburb has managed to retain the “quaint, laid-back lifestyle” which appeals to the sea changer market.
“With the proposed upgrade to the Bundaberg airport in 2009, this area is set to boom,” he says.
Other areas for developers to consider are the southeast Queensland transport nodes of Chermside, Mount Gravatt, Toowong, North Lakes and Springfield.
“The ever increasing cost of fuel will limit the use of private vehicles for commuting to work in the cities. Hence, housing within walking distance to train lines and bus routes is set increase in value dramatically.”
http://www.apimagazine.com.au/index.php?id=224#3