Greater Brisbane offers bargains for investors
The Greater Brisbane area could be a great place for property investors to pick up a bargain.
According the Real Estate Institute of Queensland (REIQ), housing affordable in the state is now better than it’s been for many years.
REIQ chief executive Anton Kardash cited the Greater Brisbane area as an example of the opportunities Queensland presents for homebuyers.
Mr Kardash said there were 50 suburbs across the state with median house prices below $350,000, including many in Greater Brisbane.
With longer-term prospects of the state of Queensland looking positive, now could be a great time to invest.
The influence of Queensland's mining boom is already being felt and is likely to mean a steady flow of potential tenants for property investors, as people move to the state looking for work.
As Queensland continues its recovery from the devastating floods and wins back Australian and overseas tourists, the economy should prosper and take house prices with it.
Right now, home loan affordability has peaked to its highest point since September 2009, according to the Real Estate Institute of Australia Housing Affordability Report.
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