Queensland is set to be a hotspot for Australian property investment throughout next year, according to a new report from Colliers International.
Lynda Campbell, researcher at the commercial brokerage, said Brisbane, the Gold Coast and the state in general will continue to enjoy "a positive investment track record" thanks to the stable government, transparent accounting practices and rule of law.
She claimed the "enviable" quality of life and easing interest rates are set to encourage overseas buyers to purchase houses in Queensland, reports Australian Property Investor.
A $50 billion (£32 billion) investment in the state's mining and natural resources sector should also benefit the local property market, the expert added.
Ms Campbell commented: "This is expected to have significant economic flow-on benefits throughout the state, generate strong employment growth and create demand for multiple land uses including residential housing."
Last month, the Real Estate Institute Queensland revealed preliminary home sales in the region rose 17 per cent year on year during the September quarter.
Posted by Craig Francis
Lynda Campbell, researcher at the commercial brokerage, said Brisbane, the Gold Coast and the state in general will continue to enjoy "a positive investment track record" thanks to the stable government, transparent accounting practices and rule of law.
She claimed the "enviable" quality of life and easing interest rates are set to encourage overseas buyers to purchase houses in Queensland, reports Australian Property Investor.
A $50 billion (£32 billion) investment in the state's mining and natural resources sector should also benefit the local property market, the expert added.
Ms Campbell commented: "This is expected to have significant economic flow-on benefits throughout the state, generate strong employment growth and create demand for multiple land uses including residential housing."
Last month, the Real Estate Institute Queensland revealed preliminary home sales in the region rose 17 per cent year on year during the September quarter.
Posted by Craig Francis
