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Queensland property buyers attr...

Queensland property buyers attracted to warm climates

Despite the permanence of a property purchase, many buyers are likely to be unintentionally influenced by the climate.

Spring is supposedly one of the best times to sell, as people can be more attracted to a relocation during the warmer months. 

Queensland's warmer temperatures mean it is an attraction proposition all year round, not just for buyers but for investors too. 

Antonia Mercorella, chief executive of the Real Estate Institute of Queensland, told Domain that the myth of spring being the best time to sell and winter the worst does not hold in her state. 

Although Queenslanders may find the winter months cool, visitors from the southern states are more likely to want to escape here, as it is considerably warmer than the winters experienced where they come from. 

"Queensland's climate means that winter is not as limiting as it is in southern states, where biting frost and freezing cold conditions force people indoors for much of the time," Ms Mercorella commented. 

She added that data indicates consistent sales volume spikes evenly spread throughout the year. Many buyers are particularly attracted to the Gold Coast. 

John Newlands, principal of Professionals Newlands Real Estate Surfers Paradise, said property along that part of the nation is particularly appealing to people from the south. 

"On the Gold Coast, it's always been that the southerners would come up from interstate, especially people from Melbourne and those cooler areas, for the warmer months here," he remarked. 

Mr Newlands said the trend has been growing for years - and he predicted it will continue as the winters remain mild. The mix of sunshine and the lifestyle associated with it are perennially popular. 

He added that while the demographic for this kind of move would have been more commonly associated with families from the south, more people are now coming to the north-east from all over the world. 

All information provided is of a general nature only and does not take into account your personal financial circumstances or objectives. Before making a decision on the basis of this material, you need to consider, with or without the assistance of a financial adviser, whether the material is appropriate in light of your individual needs and circumstances. This information does not constitute a recommendation to invest in or take out any of the products or services provided by SMATS Services (Australia) Pty Ltd or Australasian Taxation Services Pty Ltd.

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