Property investors who buy now in Queensland will have timed themselves into making major gains in the next couple of years, according to an investment report out this week.
The Midwood Queensland Investment report says the state's property market will begin to rise again within the next year or two, possibly by as much as 30%.
The report is basing the next predicted boom on the commonly accepted theory that property cycles usually last about seven years. The peak of the last boom in most parts of Queensland was in 2003.
"The scale of the boom will reflect the extent that median prices have fallen in the trough, which could be as much as 20% throughout the state," says the report, by property expert Bill Morris. "Hence, the next uplift should be at least 20% and possibly 30% beginning in 2010-11."
The report goes on to tell investors not to expect a gradual increase in values, but rather a "quantum rise in land, house and apartment values".
"If we can weather the current storm, there will inevitably be sunshine on the other side as historical trends emerge with the next cyclical upturn," says Morris.
Queensland has already shown some signs of positive growth this year, with the number of detached new home sales in February up 21.7% over the previous month.
With interest rates at their lowest for more than 50 years, there are some great rates available. The best thing to do is to compare rates from all the lenders. Let us help take the leg work out of doing this - Compare Home Loans now
Top Suburbs :
Get help financing your investment
Do you need help finding the right loan for your investment?
When investing in property, it is important to make sure that you not only have the lowest available rate that you can get, but also have the correct loan features for your needs.
Just fill in a few details below and we'll then arrange for a local expert Aussie Mortgage Broker to contact you and work out what features or types of loans are right for your needs. We'll even help with the paperwork. Plus, our mortgage broking service is at no cost to you.
We value your privacy and treat all your information seriously - you can check out