Are you finding the conditions in the Brisbane and Sydney markets a bit too hot to handle?
If so, it could be worth your while to look to the regional areas of Queensland and New South Wales.
According to prominent property group Raine & Horne, strong market conditions are ahead for regional Queensland in 2015.
Raine & Horne Queensland general manager Steve Worrad said that market conditions are improving in Brisbane and on the Gold Coast.
“Now the smart money is starting to chase further afield for the prospects of capital growth and decent yields in other regional centres.”
Major hubs, like Toowoomba, would benefit from infrastructure improvements, while smaller regional centres, like Woodford and Kingaroy, would benefit from the breaking drought and low interest rate environment, he said.
“Once we get past the Queensland election on 31 January, investors considering the sale of a regional property in Queensland can expect excellent selling conditions.”
Raine & Horne data indicated that Toowoomba’s residential property market was poised to grow by up to 8% in 2015.
It also showed that market conditions for investors in Moreton Bay and the South Burnett region were improving significantly.
Meanwhile, a new report from The Domain Group shows that property prices at some hot spots on the New South Wales coast have surged by as much as 15.4% in the past 12 months.
This was due to growing buyer interest in the central coast area as modern lifestyles and working arrangements make it possible to live at the coast and commute off-peak or work from home.
Further, transport infrastructure in these areas has been improved and they tend to be far more affordable than many inner-city areas.
However, the report does note that the rapid price growth in some areas is only one part of the story.
While some areas of the central coast have boomed, there has been a decline of almost 10% in other parts of the mid-North coast.
The report suggested that the currently under-performing north coast towns might also see a resurgence.
This could occur as central coast demand puts prices out of the reach of some buyers.
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